JPMorgan - KASE
JPMorgan - KASE
JPMorgan - KASE
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Hurricane Hydrocarbons Ltd.<br />
Interim consolidated balance sheets<br />
(expressed in thousands of U.S.$) unaudited<br />
As at<br />
September 30,<br />
2002<br />
As at<br />
December 31,<br />
2001<br />
Assets<br />
Current<br />
Cash and cash equivalents .......................................... 162,246 64,812<br />
Accounts receivable (Note 4) ....................................... 81,907 52,287<br />
Inventory ........................................................ 30,353 29,946<br />
Prepaids (Note 5) ................................................. 52,174 17,319<br />
Current portion of future income tax asset ........................... 6,874 5,766<br />
333,554 170,130<br />
Long term investments ................................................ — 40,000<br />
Futureincometaxasset................................................ 20,891 29,444<br />
Capitalassets......................................................... 382,939 332,896<br />
Total assets ......................................................... 737,384 572,470<br />
Liabilities<br />
Current<br />
Accounts payable and accrued liabilities (Note 7) ...................... 78,205 48,758<br />
Short term debt (Note 8) ........................................... 75,278 52,557<br />
Prepayments for crude oil and refined products ....................... 11,309 7,422<br />
164,792 108,737<br />
Long-term debt (Note 9) ............................................... 293,197 277,767<br />
Provision for future site restoration costs ................................ 3,904 3,148<br />
Future income tax liability ............................................. 17,826 24,988<br />
479,719 414,640<br />
Minority interest ...................................................... 10,357 25,599<br />
Preferredsharesofsubsidiary .......................................... 85 91<br />
Commitments and contingencies (note 13)<br />
Shareholders’ equity<br />
Share capital (Note 10) ............................................ 198,346 198,506<br />
Retained earnings, (Deficit) ........................................ 48,877 (66,366)<br />
247,223 132,140<br />
Total liabilities and shareholders’ equity ............................ 737,384 572,470<br />
APPROVED BY THE BOARD OF DIRECTORS<br />
(signed) BERNARD ISAUTIER<br />
Director<br />
(signed) ROBERT KAPLAN<br />
Director<br />
F-3
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