Leasehold commitments

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

20.

Leasehold commitments

As of December 31, 2013, leasehold commitments are as follows:

(In thousands of US$)
Year

2014		2,236
2015		1,991
2016		1,676
2017		1,585
2018		1,621
Thereafter		15,798
Total minimum payments ⁽¹⁾		24,907

⁽¹⁾

Minimum payments have not been reduced by minimum sublease rentals of $2,644 thousand due in the future under non-cancelable subleases.

The following table presents an analysis of all operating leases:

	2013	2012	2011
Rent expense	2,925	2,468	1,403
Less: Sublease rentals	(559)	(386)	(129)
	2,366	2,082	1,274

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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