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Consolidated Statement of Financial Position as of December 31 - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents [1] $ 94,944 $ 77,292
Accounts receivable and accrued revenues [1],[2] 60,196 42,212
Capitalized voyage expenses 1,633 0
Prepaid expenses 4,338 3,197
Bunkers, lube oils and consumables 32,212 23,675
Asset held for sale 0 20,762
Total current assets 193,323 167,137
Non-current assets    
Net book value of vessels and time charter contracts 1,665,810 1,444,146
Advances for vessels under construction 0 114,759
Other property, plant and equipment 335 464
Investment in associate company 4,388 3,992
Total non-current assets 1,670,533 1,563,360
Total assets 1,863,856 1,730,497
Current liabilities    
Accounts payable and accrued expenses [1] 28,634 17,427
Derivative financial liabilities, current [3] 1,250 545
Current portion long-term debt [1] 93,815 65,053
Total current liabilities 123,699 83,026
Non-current liabilities    
Long-term debt [1] 873,460 721,151
Derivative financial liabilities, non-current [3] 4,486 0
Other non-current liabilities 542 428
Total non-current liabilities 878,489 721,579
Total liabilities 1,002,188 804,605
Stockholders' equity    
Common stock at par value 1,427 1,424
Additional paid-in capital 1,145,107 1,140,794
Treasury shares (1,364) 0
Accumulated deficit (285,383) (222,087)
Translation differences 32 85
Other reserves 1,848 5,676
Total stockholders' equity 861,668 925,892
Total liabilities and stockholders' equity $ 1,863,856 $ 1,730,497
[1] Amortized cost.
[2] Cash and cash equivalents include $638 thousand in restricted cash in 2018 and $322 thousand in 2017, including employee withholding tax.
[3] Fair value through profit or loss.