Assets

Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investments in associates/joint ventures
Available-for-sale investment
Other financial assets
Income tax receivable
Deferred tax assets

Current assets
Inventories
Work in progress
Trade and other receivables
Due from related parties
Other financial assets
Income tax receivable
Cash and short-term deposits

Assets held for sale

Total assets
Equity and liabilities
Equity
Share capital
Share premium
Capital redemption reserve
Treasury shares
Other reserves
Retained earnings
Equity attributable to Petrofac Limited shareholders
Non-controlling interests
Total equity
Non-current liabilities
Interest-bearing loans and borrowings
Provisions
Other financial liabilities
Deferred tax liabilities

Current liabilities
Trade and other payables
Due to related parties
Interest-bearing loans and borrowings
Other financial liabilities
Income tax payable
Billings in excess of cost and estimated earnings
Accrued contract expenses

Liabilities associated with assets held for sale

Total liabilities
Total equity and liabilities

Revenue
Cost of sales
Gross profit
Selling, general and
administration expenses
Exceptional items and certain
re-measurements
Other operating income
Other operating expenses
Profit/(loss) from operations before
tax and finance (costs)/income
Finance costs
Finance income
Share of profits/(losses)
of associates/joint ventures
Profit/(loss) before tax
Income tax expense
Profit/(loss) for the year
Attributable to:
Petrofac Limited shareholders
Non-controlling interests

Earnings/(loss) per share (US cents)

on profit attributable to
Petrofac Limited shareholders
- Basic
Diluted
Profit/(loss) for the year
Other Comprehensive Income/(Loss)
Net changes in fair value of derivatives and financial assets designated as cash flow
hedges
Changes in fair value of available-for-sale financial asset
Foreign currency translation gains
Other comprehensive income/(loss) to be reclassified to consolidated income
statement in subsequent periods
Other comprehensive income/(loss) reclassified to consolidated income statement
Net gains on maturity of cash flow hedges recycled in the year
Unrealised loss on the fair value of available-for-sale investment reclassified to
consolidated income statement
Foreign currency losses recycled to consolidated income statement upon disposal of
a subsidiary
Other comprehensive income/(loss) reclassified to consolidated income statement
Total comprehensive income/(loss) for the year
Attributable to:
Petrofac Limited shareholders
Non-controlling interests

Operating activities
Profit/(loss) before tax
Exceptional items and certain re-measurements
Profit before tax, exceptional items and certain re-measurements
Adjustments to reconcile profit before tax, exceptional items and certain re-
measurements to net cash flows:
Depreciation, amortisation and write of
Share-based payments
Diference between other long-term employment benefits paid and amounts
recognised
in the consolidated income statement
Net finance expense
Gain arising from disposal of non-current asset
Provision for costs in excess of revenues on a contract
Share of profits of associates/joint ventures
Other non-cash items, net

Working capital adjustments:

Trade and other receivables
Work in progress
Due from related parties
Inventories
Other current financial assets
Trade and other payables
Billings in excess of cost and estimated earnings
Accrued contract expenses
Due to related parties

Long-term receivables from customers

Other non-current items, net
Cash generated from operations
Restructuring, redundancy and migration costs paid
Interest paid
Income taxes paid, net
Net cash flows from operating activities
Investing activities
Purchase of property, plant and equipment
Payments for intangible oil and gas assets
Additional investment made to available-for-sale investment
Investments in associate and joint ventures
Dividend received from associates/joint ventures
Loan in respect of the development of the Greater Stella Area
Proceeds from disposal of property, plant and equipment
Proceeds from disposal of subsidiary, net of cash disposed
Interest received
Net cash flows used in investing activities
Financing activities
Interest-bearing loans and borrowings obtained, net of debt acquisition cost
Repayment of interest-bearing loans and borrowings, including finance leases
Treasury shares purchased
Equity dividends paid, net
Net cash flows used in financing activities
Net increase in cash and cash equivalents
Net foreign exchange diference
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December