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Investment in associate company | 12 Months Ended
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Dec. 31, 2019
Investment in associate company [Abstract] |
Investment in associate company | Note 15 – Investment in associate company
(Dollars in thousands) |  | 2019 |  |  | 2018 |
Investment in associate company |  | $ | 4,772 |  |  | $ | 4,388 |
Details of associate are as follows:
Name of associate |  | Principal activities |  | Place of incorporation and business |  | Effective equity interest |
|  |  |  |  |  | 2019 |  |  | 2018 |
Goodwood Ship Management Pte. Ltd. |  | Ship management |  | Singapore |  |  | 50 | % |  |  | 50 | %
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 |  | 2019 |  |  | 2018 |
- Profit after taxation |  | $ | 852 |  |  | $ | 858 |
- Other comprehensive income for the year, net of tax |  | $ | 44 |  |  | $ | (53 | )
- Total comprehensive income for the year |  | $ | 896 |  |  | $ | 805 |

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- Definition The disclosure of interests in associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph 2 -Subparagraph b -Clause ii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2019-03-27 + Details
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