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Investment in associate company (Tables)

12 Months Ended

Dec. 31, 2017

Investment in associate company (Tables) [Abstract]

Investment in associate company

Note 15 - Investment in associate company

(Dollars in thousands)	2017					2016
Investment in associate company		$	3,992				$	3,412

Details of associate company

Details of associate are as follows:

Name of associate		Principal activities		Place of incorporation and business		Effective equity interest
						2017				2016
Goodwood Ship Management Pte. Ltd.		Ship management		Singapore			50	%			50	%

Share of Profit of the Associate (Equity Method)

The following summarizes the share of profit of the associate that are accounted for using the equity method:

(Dollars in thousands)		2017				2016
Company's share of
- Profit after taxation		$	802			$	649
- Other comprehensive income for the year, net of tax		$	193			$	28
- Total comprehensive income for the year		$	995			$	677

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