RAK PETROLEUM PLC financials

RAK PETROLEUM PLC

Country: NO Reporting currency: USD Latest annual report: 2021-12-31
LEI: 213800L3HZUNJ2457M66
Source filing ↗
Financial statements (USD, as reported — unscaled; 95 line items across 2 annual periods)
Line item 20212020
Income statement
Revenue $1.00B$614.9M
Cost of sales $443.1M$590.0M
Gross profit $561.0M$24.9M
Operating profit (EBIT) $334.6M-$315.7M
Finance costs $126.7M$131.5M
Profit before tax $234.0M-$427.3M
Income tax expense $16.3M-$139.8M
Profit for the year $217.7M-$287.5M
— attributable to owners $105.4M-$130.1M
— attributable to NCI $112.3M-$157.4M
Total comprehensive income $205.2M-$291.1M
Per share
Basic EPS $0.36$-0.44
Diluted EPS $0.36$-0.44
Free cash flow / share $0.73$0.32
Cash flow statement
Cash generated from operations $622.9M$247.6M
Net cash from operating activities $640.1M$370.2M
Net cash from investing activities -$270.7M-$212.1M
Purchase of PP&E (capex) $193.8M$162.2M
Purchase of intangibles $86.8M$62.8M
Net cash from financing activities -$97.6M-$171.5M
Proceeds from borrowings $400.0M$152.3M
Repayments of borrowings $461.0M$302.6M
Lease liability payments $8.6M$3.4M
Balance sheet
Total assets $3.28B$3.02B
Non-current assets $1.96B$2.17B
Property, plant & equipment $1.28B$1.17B
Intangible assets & goodwill $543.7M$693.7M
Current assets $1.31B$847.0M
Inventories $35.8M$41.9M
Trade & other receivables $484.2M$239.7M
Cash & equivalents $772.2M$502.2M
Total equity $1.35B$1.16B
— attributable to owners $797.0M$697.3M
Non-controlling interests $552.0M$458.6M
Non-current liabilities $1.54B$1.57B
Lease liabilities (non-current) $12.5M$13.9M
Current liabilities $385.9M$298.3M
Lease liabilities (current) $15.7M$3.8M
Trade & other payables $232.7M$180.5M
Deferred tax liabilities $267.3M$178.8M
Derived metrics
Free cash flow $446.3M$208.0M
Operating margin 33.3%-51.3%
Net margin 21.7%-46.8%
Return on equity 16.1%-24.9%
Cash conversion ratio 2.94×-1.29×
Capex coverage 3.30×2.28×
Other reported items
Adjustments For Amortisation Expense $9.4M$7.6M
Adjustments For Decrease Increase In Inventories $5.0M-$13.7M
Adjustments For Decrease Increase In Trade and Other Receivables -$99.8M$41.7M
Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Exploration and Evaluation Assets $80.1M$276.0M
Adjustments For Increase Decrease In Employee Benefit Liabilities $17.7M$17.0M
Adjustments For Increase Decrease In Trade and Other Payables $55.2M-$109.0M
Adjustments For Interest Expense $74.2M$87.3M
Adjustments For Interest Income $1.7M$5.3M
Adjustments For Provisions $3.8M-$2.7M
Cash and Cash Equivalents If Different From Statement of Financial Position $772.1M$502.3M
Comprehensive Income Attributable To Noncontrolling Interests $105.4M-$159.3M
Comprehensive Income Attributable To Owners of Parent $99.8M-$131.8M
Current Provisions $104.4M$112.0M
Current Tax Assets Current $21.1M$63.1M
Current Tax Liabilities Current $33.1M$0
Deferred Tax Assets $29.3M$47.4M
Dividends Paid To Noncontrolling Interests Classified As Financing Activities $12.4M$0
Dividends Received From Joint Ventures Classified As Investing Activities $20.8M$17.3M
Dividends Recognised As Distributions To Noncontrolling Interests $12.4M
Effect of Exchange Rate Changes On Cash and Cash Equivalents -$2.0M$0
Equity and Liabilities $3.28B$3.02B
Expense Arising From Exploration For and Evaluation of Mineral Resources $132.3M$55.9M
Finance Income $26.2M$19.9M
General and Administrative Expense $33.7M$12.7M
Income Taxes Refund Classified As Operating Activities $174.7M$236.3M
Increase Decrease In Cash and Cash Equivalents $271.8M-$13.3M
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control $17.8M
Interest Paid Classified As Operating Activities $73.0M$85.7M
Interest Received Classified As Operating Activities $1.7M$2.7M
Investments In Joint Ventures $87.6M$76.8M
Issued Capital $5.1M$5.1M
Liabilities $1.93B$1.87B
Noncurrent Provisions $390.0M$440.2M
Noncurrent Receivables $19.4M$182.4M
Other Adjustments For Noncash Items $1.0M$1.0M
Other Comprehensive Income -$12.5M-$3.6M
Other Comprehensive Income Net of Tax Exchange Differences On Translation -$12.5M-$3.6M
Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax -$12.5M-$3.6M
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax $0$0
Other Operating Income Expense $3.7M$0
Other Reserves $813.5M$813.5M
Payments For Share Issue Costs $15.6M$0
Payments From Changes In Ownership Interests In Subsidiaries $0$17.8M
Reserve of Exchange Differences On Translation -$34.8M-$29.2M
Restricted Cash and Cash Equivalents $15.8M$15.4M
Retained Earnings $35.0M-$70.6M
Share of Profit Loss of Joint Ventures Accounted For Using Equity Method $16.0M$900.0K
Share Premium $700.0K$700.0K
Treasury Shares $22.4M$22.4M
Methodology

Every line item above is a fact tagged in RAK PETROLEUM PLC's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (USD), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.