XML 88 R73.htm IDEA: XBRL DOCUMENT v3.21.1
Pensions (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
USD ($)
Participant
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Pensions [Abstract]      
Number of participants in benefit plan | Participant 12    
Defined Benefit Pension Plan [Abstract]      
Minimum age to entitled 70% of base salary at retirement date 67 years    
Percentage of base salary entitled at retirement date 70.00%    
Calculation of Annual Pension Costs [Abstract]      
Current service cost $ 293 $ 406 $ 403
Financial costs 9 14 10
Pension costs for the year 302 420 413
Pension liability recorded in balance sheet [Abstract]      
Present value of the defined benefit obligation 1,793 2,494 1,971
Fair value of plan assets (1,362) (1,788) (1,614)
Net pension obligation 431 707 357
Remeasurement loss/(gain) 181 (287) 182
Net balance sheet recorded pension liability 612 420 539
Change in Gross Pension Obligation [Abstract]      
Gross obligation January 1 1,439 2,090 1,708
Current service cost 289 401 398
Interest charge on pension liabilities 31 54 42
Past service cost - curtailment/plan amendment 0 0 0
Settlement (gain) 0 0 0
Social security expenses (37) (31) (57)
Remeasurements loss/(gain) 73 (1,055) 119
Exchange rate differences 71 (21) (119)
Gross pension obligation December 31 1,866 1,439 2,090
Change in Gross Pension Assets [Abstract]      
Fair value plan asset January 1 1,019 1,551 1,282
Interest income 18 36 27
Settlement 0 0 0
Employer contribution 266 216 404
Remeasurements (loss)/gain (108) (768) (63)
Exchange rate differences 58 (16) (99)
Fair value plan assets December 31 1,254 $ 1,019 $ 1,551
Estimated contribution to pension plan in 2021 $ 234    
Assumptions [Abstract]      
Discount rate 1.70% 2.30% 2.60%
Yield on pension assets 1.70% 2.30% 2.60%
Wage growth 2.25% 2.25% 2.75%
G regulation [1] 2.00% 2.00% 2.50%
Pension adjustment 0.00% 0.50% 0.80%
Average remaining service period 19 years 19 years 18 years
[1] Increase of social security base amount ("G") as per Norwegian regulations.