XML 17 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents [1],[2] $ 68,641 $ 67,356
Accounts receivable and accrued revenues [1] 30,060 107,848
Capitalized voyage expense 1,039 4,151
Prepaid expenses 6,685 4,846
Bunkers, lube oils and consumables 11,854 34,085
Total current assets 118,279 218,286
Non-current assets    
Vessels and time charter contracts 1,476,436 1,589,444
Advances for vessel upgrades 17,269 11,652
Other property, plant and equipment 4,772 3,065
Investment in associate company 5,233 4,772
Total non-current assets 1,503,710 1,608,932
Total assets 1,621,989 1,827,218
Current liabilities    
Accounts payable and accrued expenses [1] 18,503 23,998
Derivative financial liabilities [3] 9,073 4,320
Current portion long-term debt [1] 3,396 100,385
Other current liabilities 721 605
Deferred shipping revenues 16,236 930
Total current liabilities 47,929 130,239
Non-current liabilities    
Long-term debt [1] 446,562 750,586
Derivative financial liabilities [3] 14,601 11,279
Other non-current liabilities 3,957 2,664
Total non-current liabilities 465,120 764,530
Total liabilities 513,049 894,768
Equity    
Common stock at par value 1,708 1,468
Additional paid-in capital 1,291,505 1,169,537
Accumulated deficit (188,709) (240,165)
Translation differences 169 73
Other reserves 4,248 1,531
Total equity attributable to the Company 1,108,921 932,444
Non-controlling interest 19 5
Total equity 1,108,940 932,449
Total liabilities and equity $ 1,621,989 $ 1,827,218
[1] Amortized cost.
[2] Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.
[3] Fair value through profit or loss.