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SEGMENT AND GEOGRAPHIC INFORMATION | 12 Months Ended
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Sep. 30, 2014
SEGMENT AND GEOGRAPHIC INFORMATION |
SEGMENT AND GEOGRAPHIC INFORMATION | 12.SEGMENT AND GEOGRAPHIC INFORMATION Barnwell operates the following segments: 1) exploring for, developing, acquiring, producing and selling oil and natural gas in Canada (oil and natural gas); 2) investing in land interests in Hawaii (land investment); 3) drilling wells and installing and repairing water pumping systems in Hawaii (contract drilling); and 4) developing homes for sale in Hawaii (residential real estate). The following table presents certain financial information related to Barnwell’s reporting segments. All revenues reported are from external customers with no intersegment sales or transfers.
|  | Year ended September 30,
|  | 2014 |  | 2013
Revenues: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 20,298,000 |  |  |  | $ | 21,376,000 |
Land investment |  |  | 636,000 |  |  |  | 282,000 |
Contract drilling |  |  | 6,287,000 |  |  |  | 2,338,000 |
Other |  |  | 796,000 |  |  |  | 567,000 |
Total before gain on sale of investments and interest income |  |  | 28,017,000 |  |  |  | 24,563,000 |
Gain on sale of investments |  |  | 3,399,000 |  |  |  | - |
Interest income |  |  | 29,000 |  |  |  | 45,000 |
Total revenues |  |  | $ | 31,445,000 |  |  |  | $ | 24,608,000 |
Depletion, depreciation, and amortization: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 5,968,000 |  |  |  | $ | 8,034,000 |
Contract drilling |  |  | 309,000 |  |  |  | 394,000 |
Other |  |  | 114,000 |  |  |  | 114,000 |
Total depletion, depreciation, and amortization |  |  | $ | 6,391,000 |  |  |  | $ | 8,542,000 |
Reduction of carrying value of assets: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | - |  |  |  | $ | 4,506,000 |
Operating profit (loss) |  |  |  |  |  |  |  |
(before general and administrative expenses): |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 5,416,000 |  |  |  | $ | (1,156,000 | )
Land investment |  |  | 636,000 |  |  |  | 282,000 |
Contract drilling |  |  | 952,000 |  |  |  | (295,000 | )
Other |  |  | 682,000 |  |  |  | 453,000 |
Total operating profit (loss) |  |  | 7,686,000 |  |  |  | (716,000 | )
Equity in loss of affiliates: |  |  |  |  |  |  |  |
Land investment |  |  | (482,000 | ) |  |  | - |
General and administrative expenses |  |  | (8,026,000 | ) |  |  | (8,911,000 | )
Interest expense |  |  | (664,000 | ) |  |  | (587,000 | )
Gain on sale of investments |  |  | 3,399,000 |  |  |  | - |
Interest income |  |  | 29,000 |  |  |  | 45,000 |
Income (loss) before income taxes |  |  | $ | 1,942,000 |  |  |  | $ | (10,169,000 | )
Capital Expenditures:
|  | Year ended September 30,
|  | 2014 |  | 2013
Oil and natural gas |  |  | $ | 4,824,000 |  |  |  | $ | 7,506,000 |
Contract drilling |  |  | 48,000 |  |  |  | 17,000 |
Other |  |  | 51,000 |  |  |  | 2,000 |
Total |  |  | $ | 4,923,000 |  |  |  | $ | 7,525,000 |
Assets By Segment:
|  | September 30,
|  | 2014 |  | 2013
Oil and natural gas (1) |  |  | $ | 20,951,000 |  |  |  | $ | 40,559,000 |
Land investment (2) |  |  | 7,039,000 |  |  |  | 2,381,000 |
Contract drilling (2) |  |  | 1,849,000 |  |  |  | 2,905,000 |
Residential real estate (2) |  |  | 5,448,000 |  |  |  | 5,448,000 |
Other: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 16,104,000 |  |  |  | 7,828,000 |
Corporate and other |  |  | 3,379,000 |  |  |  | 3,593,000 |
Total |  |  | $ | 54,770,000 |  |  |  | $ | 62,714,000 |
___________________ (1)Primarily located in the province of Alberta, Canada. (2)Located in Hawaii. Long-Lived Assets By Geographic Area:
|  | September 30,
|  | 2014 |  | 2013
United States |  |  | $ | 9,884,000 |  |  |  | $ | 6,699,000 |
Canada |  |  | 18,366,000 |  |  |  | 36,988,000 |
Total |  |  | $ | 28,250,000 |  |  |  | $ | 43,687,000 |
Revenue By Geographic Area:
|  | Year ended September 30,
|  | 2014 |  | 2013
United States |  |  | $ | 6,924,000 |  |  |  | $ | 2,643,000 |
Canada |  |  | 21,093,000 |  |  |  | 21,920,000 |
Total (excluding gain on sale of investments and interest income) |  |  | $ | 28,017,000 |  |  |  | $ | 24,563,000 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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