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Investment in associate company (Tables)

12 Months Ended

Dec. 31, 2018

Investment in associate company (Tables) [Abstract]

Investment in associate company

Note 15 - Investment in associate company

(Dollars in thousands)		2018				2017
Investment in associate company		$	4,388			$	3,992

Details of associate

Details of associate are as follows:

Name of associate		Principal activities		Place of incorporation and business		Effective equity interest
						2018		2017
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)
Company's share of		2018				2017
- Profit after taxation		$	858			$	802
- Other comprehensive income for the year, net of tax		$	(53	)		$	193
- Total comprehensive income for the year		$	805			$	995

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