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Investment in associate company (Tables)

12 Months Ended

Dec. 31, 2019

Investment in associate company [Abstract]

Investment in Associate Company

(Dollars in thousands)		2019				2018
Investment in associate company		$	4,772			$	4,388

Details of Associate

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	%

Share of Profit of the Associate Using in 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		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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The disclosure of associates. [Refer: Associates [member]]

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