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CONTINGENCIES, COMMITMENTS AND RESTRICTIONS ON THE DISTRIBUTION OF PROFITS (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
 
 
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, 2018
2,887,918

Loss for the year
(20,620
)
 
 
Total shareholders' equity under Luxembourg GAAP
6,546,237