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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents [1],[2] $ 67,356 $ 94,944
Accounts receivable and accrued revenues [1] 107,848 60,196
Capitalized voyage expense 4,151 1,633
Prepaid expenses 4,846 4,338
Bunkers, lube oils and consumables 34,085 32,212
Total current assets 218,286 193,323
Non-current assets    
Vessels and time charter contracts 1,589,444 1,665,810
Advances for vessel upgrades 11,652 0
Other property, plant and equipment 3,065 335
Investment in associate company 4,772 4,388
Total non-current assets 1,608,932 1,670,533
Total assets 1,827,218 1,863,856
Current liabilities    
Accounts payable and accrued expenses [1] 23,998 28,634
Derivative financial liabilities [3] 4,320 1,250
Current portion long-term debt [1] 100,385 93,815
Other current liabilities 605 0
Deferred shipping revenues 930 0
Total current liabilities 130,239 123,699
Non-current liabilities    
Long-term debt [1] 750,586 873,460
Derivative financial liabilities [3] 11,279 4,486
Other non-current liabilities 2,664 542
Total non-current liabilities 764,530 878,489
Total liabilities 894,768 1,002,188
Equity    
Common stock at par value 1,468 1,427
Additional paid-in capital 1,169,537 1,145,107
Treasury shares 0 (1,364)
Accumulated deficit (240,165) (285,383)
Translation differences 73 32
Other reserves 1,531 1,848
Total equity attributable to the Company 932,444 861,668
Non-controlling interest 5 0
Total equity 932,449 861,668
Total liabilities and equity $ 1,827,218 $ 1,863,856
[1] Amortized cost.
[2] Cash and cash equivalents include $221 thousand in restricted cash in 2019 and $638 thousand in 2018, including employee withholding tax.
[3] Fair value through profit or loss.