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Significant accounting principles (Tables) | 12 Months Ended
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Dec. 31, 2019
Significant accounting principles [Abstract] |
Initial Recognition Lease Liability and Right of Use Asset | The table below shows the initial recognition lease liability and right of use asset as of January 1, 2019: Initial recognition lease liability and right of use asset
(Dollars in thousands) |  |  |
Reconciliation of lease liability recognized to gross payments |  | As of January 1, 2019 |
Operating lease commitment at December 31, 2018 as disclosed |  |  | 529 |
- Extension options reasonably certain to be exercised |  |  | 1,162 |
- Practical expedient related to short-term leases |  |  | (3 | )
- Practical expedient related to low-value leases |  |  | - |
- Discounting using the incremental borrowing rate as of January 1, 2019 |  |  | (204 | )
Lease liability recognized at initial application of IFRS 16 as of January 1, 2019 |  |  | 1,484 |
The weighted average incremental borrowing rate applied: |  |  | 4.03 | %
Amounts Recognized in Consolidated Financial Statements | The table below shows the amounts recognized in the consolidated statement of financial position as of December 31, 2019 after the adoption of IFRS 16, including additions in 2019: Amounts recognized in the consolidated statement of financial position
(Dollars in thousands) |  | 2019 |
Lease liability (Other non-current liabilities) |  |  | 2,241 |
Lease liability (Other current liabilities) |  |  | 605 |
Right-of-use asset (Other property, plant and equipment) |  |  | 2,808 |
The table below shows the amounts recognized in the consolidated income statement and the consolidated statement of comprehensive income as of December 31, 2019 after the adoption of IFRS 16: Consolidated income statement and consolidated statement of comprehensive income
(Dollars in thousands) |  | Year ended December 31, 2019 |
Lease payment |  |  | 442 |
Depreciation IFRS 16 (Depreciation and amortization expense) |  |  | (405 | )
IFRS 16 interest expense (other financial expense) |  |  | (72 | )
The table below shows the amounts recognized in the consolidated statement of cash flow and reconciliation of changes in liabilities incurred from financing activities: Consolidated statement of cash flow and reconciliation of changes in liabilities incurred from financing activities
(Dollars in thousands) |  | Year ended December 31, 2019 |
Principal paid on the lease liability (Repayment principal element of lease liability) |  |  | (370 | )

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- Definition Tabular disclosure of initial recognition lease liability and right of use asset. + References No definition available. + Details
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- Definition The disclosure of the known or reasonably estimable information relevant to assessing the possible impact that the application of a new IFRS, that has been issued but is not yet effective, will have. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 8 -IssueDate 2019-01-01 -Paragraph 30 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=8&code=ifrs-tx-2019-en-r&anchor=para_30_b&doctype=Standard -URIDate 2019-03-27 + Details
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