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Investment in associate company | 12 Months Ended
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Dec. 31, 2020
Investment in associate company [Abstract] |
Investment in associate company | Note 15 - Investment in associate company
(Dollars in thousands) |  | 2020 |  |  | 2019
Investment in associate company |  | $ | 5,233 |  |  | $ | 4,772
Details of associate are as follows:
Name of associate |  | Principal activities |  | Place of incorporation and business |  | Effective equity interest
|  |  |  |  |  | 2020 |  | 2019
Goodwood Ship Management Pte. Ltd. |  | Ship management |  | Singapore |  | 50% |  | 50%
The following summarizes the share of profit of the associate that is accounted for using the equity method:
(Dollars in thousands) |  |  |  |  |
Company’s share of |  | 2020 |  |  | 2019
- Profit after taxation |  | $ | 1,193 |  |  | $ | 852
- Other comprehensive income for the year, net of tax |  | $ | 104 |  |  | $ | 44
- Total comprehensive income for the year |  | $ | 1,297 |  |  | $ | 896

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