JKX Oil & Gas plc Annual Report 2011101At a glance01-17Board statements18-23Operational review24-36Financial review37-47CSR review48-61Directors' reports62-83Financial statements84-136 Rest Ukraine 2011Hungary of world Total $000 $000 $000 $000Revenue by location of customer External revenue: - Oil 80,000 1,508 - 81,508- Gas 133,288 9,779 - 143,067- Liquefied petroleum gas 10,881 - - 10,881- Management services/other 1,266 - 132 1,398 225,435 11,287 132 236,854 Rest2010 Ukraine Hungary of world Total $000 $000 $000 $000Revenue by location of customer External revenue: - Oil 77,092 1,723 - 78,815- Gas 100,007 12,890 - 112,897- Management services/other 1,167 - - 1,167 178,266 14,613 - 192,879Major customers2011 2010$000 $0001 Ukraine 87,999 64,2442 Ukraine 46,878 39,485There are 2 (2010: 2) customers in the Ukraine that exceed 10% of the Group's total revenues. 1025.(a) Property, plant and equipment Other 2011Oil and Oil and property, gas fields Gas field gas fields plant and Ukraine Russia Hungary equipment Total $000 $000 $000 $000 $000GROUP Cost At 1 January 416,654 236,992 29,688 17,123 700,457 Additions during the year* 40,776 103,428 1,811 2,559 148,574Foreign exchange equity adjustment - (18,732) - (28) (18,760)Disposal of property, plant and equipment - - - (1,155) (1,155)At 31 December 457,430 321,688 31,499 18,499 829,116Accumulated depreciation, depletion and amortisation and provision for impairment At 1 January 202,353 75,450 6,624 12,688 297,115Depreciation on disposals of property, plant and equipment - - - (1,148) (1,148)Foreign exchange equity adjustment - - - (12) (12)Depreciation charge for the year 28,410 - 3,938 1,979 34,327At 31 December 230,763 75,450 10,562 13,507 330,282Carrying amount At 31 December 226,667 246,238 20,937 4,992 498,834* Finance costs that have been capitalised within oil and gas properties during the year total $3.2m (2010: nil), at a weighted average interest rate of 25.2 per cent.Oil and gas fields in Ukraine and Russia include $14.3m and $246.2m respectively relating to items under construction (2010: $42.4m and $161.5m). Group financial statementsNotes to the financial statements continuedOil and gas assets |