| Summary Q2 and 6 months -18 (segment reporting using APMs) | |||||||
| SPECTRUM GROUP | |||||||
| Quarter | Quarter | 6 months | 6 months | 12 Months | |||
| ended | ended | ended | ended | ended | |||
| 30.06.18 | 30.06.17 | 30.06.18 | 30.06.17 | 31.12.17 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Segment revenue | 23 462 | 30 403 | 50 373 | 55 727 | 118 850 | ||
| Segment EBIT | (1 969) | (619) | (2 637) | (3 326) | (16 037) | ||
| Segment Net Profit / (Loss) | (4 416) | (2 983) | (581) | (6 703) | (26 843) | ||
| Cash flow from operating activities | 22 653 | 24 774 | 53 273 | 60 334 | 99 400 | ||
| Investment in Multi-Client library | 15 563 | 31 331 | 37 799 | 58 611 | 82 359 | ||
| Segment Multi-Client Net book value | 173 315 | 205 105 | 173 315 | 205 105 | 169 408 | ||
| Cash and cash equivalents | 26 710 | 6 859 | 26 710 | 6 859 | 14 155 | ||
Q2 Highlights
- Late sales in the quarter of MUSD 14.1 (2017: MUSD 8.2)
- Segment early sale on Multi-Client investments in the quarter was MUSD 9.3 (2017: MUSD 22.2), primarily related to the Mozambique, Argentina and Otway surveys
- Multi-Client investments were MUSD 15.6 with 60% prefunding rate (2017: MUSD 31.3 with 71% prefunding)
- Gross Multi-Client investments were MUSD 30.4 (2017: MUSD 39.8)
- Operational cash flow in Q2 was MUSD 22.7 (2017: MUSD 24.8)
6 Months Highlights
- Late sales YTD of MUSD 27.2 (2017: MUSD 18.1)
- Segment early sale on Multi-Client investments was MUSD 23.1 (2017: MUSD 37.5), substantial part related to Mozambique, Argentina and Otway surveys
- Multi-Client investments were MUSD 37.8 with 61% prefunding rate (2017: MUSD 58.6 with 64% prefunding)
- Gross Multi-Client investments were MUSD 81.6 (2017: MUSD 75.8)
- Operational cash flow was MUSD 53.3 (2017: MUSD 60.3)
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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