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Investment in associate company

12 Months Ended

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

X

- Definition

The disclosure of interests in associates. [Refer: Associates [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2020-01-01
-Paragraph 2
-Subparagraph b
-Clause ii
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_2_b_ii&doctype=Standard
-URIDate 2020-01-01

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X

- References

No definition available.

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