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CONTINGENCIES, COMMITMENTS AND RESTRICTIONS ON THE DISTRIBUTION OF PROFITS (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of commitments and contingencies [Abstract]  
Disclosure of reserves within equity
Shareholders' equity under Luxembourg law and regulations comprises the following captions:
 
As of December 31, 2017
 
 
Share capital
2,004,743

Legal reserve
200,474

Non distributable reserves
1,414,122

Reserve for own shares
59,600

Accumulated profit at January 1, 2017
3,135,868

Loss for the year
(32,012
)
 
 
Total shareholders' equity under Luxembourg GAAP
6,782,795