XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents [1],[2] $ 60,658 $ 68,641
Accounts receivable and accrued revenues [1] 30,361 30,060
Capitalized voyage expenses 1,395 1,039
Prepaid expenses 6,162 6,685
Bunker inventory 33,396 11,854
Total current assets 131,972 118,279
Non-current assets    
Vessels and time charter contracts 1,467,846 1,476,436
Advances for vessel upgrades 372 17,269
Other property, plant and equipment 3,766 4,772
Investment in associate company 5,406 5,233
Total non-current assets 1,477,391 1,503,710
Total assets 1,609,362 1,621,989
Current liabilities    
Accounts payable and accrued expenses [1] 19,662 18,503
Derivative financial liabilities [3] 7,002 9,073
Current portion long-term debt [1] 9,792 3,396
Other current liabilities 624 721
Deferred shipping revenues 4,865 16,236
Total current liabilities 41,944 47,929
Non-current liabilities    
Long-term debt [1] 512,507 446,562
Derivative financial liabilities [3] 4,222 14,601
Other non-current liabilities 3,330 3,957
Total non-current liabilities 520,059 465,120
Total liabilities 562,003 513,049
Equity    
Common stock at par value 1,661 1,708
Additional paid-in capital 1,264,000 1,291,505
Accumulated deficit (222,405) (188,709)
Translation differences 101 169
Other reserves 3,968 4,248
Total equity attributable to the Company 1,047,326 1,108,921
Non-controlling interest 34 19
Total equity 1,047,359 1,108,940
Total liabilities and equity $ 1,609,362 $ 1,621,989
[1] Amortized cost.
[2] Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.
[3] Fair value through profit or loss.