| Summary Q2-14 | |||||
| SPECTRUM GROUP | |||||
| Quarter | Quarter | 6 months | 6 months | 12 months | |
| ended | ended | ended | ended | ended | |
| 30.06.14 | 30.06.13 | 30.06.14 | 30.06.13 | 31.12.13 | |
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) |
| Gross operating revenue | 64 158 | 31 138 | 116 428 | 96 453 | 162 001 |
| Net operating revenue | 44 590 | 29 354 | 82 591 | 89 424 | 143 023 |
| EBIT | 10 007 | 5 852 | 18 507 | 34 153 | 41 641 |
| Net Profit / (Loss) | 6 606 | 7 756 | 12 564 | 14 582 | 29 155 |
| Cash flow from operating activities | 27 675 | 51 949 | 61 088 | 68 221 | 78 571 |
| Investment in Multi-Client library | 38 266 | 35 900 | 55 975 | 55 478 | 85 200 |
| Multi-Client library Net book value | 125 366 | 107 999 | 125 366 | 107 999 | 112 400 |
| Cash and cash equivalents | 373 | 24 138 | 373 | 24 138 | 2 719 |
Q2 Highlights
* Gross Multi-Client sales in the quarter totalled MUSD 63.4 (2013: MUSD 30.5)
* Revenue share on Multi-Client sales was 30.9%, mostly due to the revenue share on the Foz do Amazonas MC3D project, compared to 5.8% in Q2 2013, giving Net Multi-Client revenue of MUSD 43.8 (2013: MUSD 28.8)
* Gross Multi-Client revenues were comprised of late sales of MUSD 17.8 (2013: MUSD 14.2) and prefunding on Multi-Client investments of MUSD 45.6 (2013: MUSD 16.3)
* Net Multi-Client revenue were comprised of late sales of MUSD 18.0 (2013: MUSD 12.6) and prefunding on Multi-Client investments of MUSD 25.8 (2013: MUSD 16.1)
* EBIT for the quarter was MUSD 10.0 (2013: MUSD 5.9)
* Multi-Client investments were MUSD 38.3 with 67.4% prefunding based on costs incurred vs. net prefunding (2013: MUSD 35.9 with 44.9% prefunding)
* Operational cash flow before Multi-Client investments in Q2 was MUSD 27.7 (2013: MUSD 51.9)
6 months Highlights
* Gross Multi-Client sales totalled MUSD 115.0 (2013: MUSD 95.5)
* Revenue share on Multi-Client sales was 29.4% compared to 7.4% in 2013, giving Multi-Client net revenue of MUSD 81.1 (2013: MUSD 88.4)
* Multi-Client investments were MUSD 56.0 with 92.5% net prefunding (2013: MUSD 55.5 with 48.3% net prefunding)
* EBIT was MUSD 18.5 (2013: MUSD 34.2)
* Operational cash flow before Multi-Client investments was MUSD 61.1 (2013: MUSD 68.2)
