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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
INVESTMENTS [Abstract] |
Summarized balance sheet information | Summarized balance sheet information for NAO is as follows:
All figures in USD ‘000 |  | December 31, 2016 |  |  | December 31, 2015 |
Current assets |  |  | 7,909 |  |  |  | 14,565 |
Noncurrent assets |  |  | 366,945 |  |  |  | 321,635 |
Total Assets |  |  | 374,854 |  |  |  | 336,200 |
Current liabilities |  |  | 4,089 |  |  |  | 7,735 |
Noncurrent liabilities |  |  | 136,568 |  |  |  | 47,608 |
Total Shareholders’ Equity |  |  | 234,196 |  |  |  | 280,857 |
Total liabilities and equity |  |  | 374,854 |  |  |  | 336,200 |
Summarized statement of operations | Summarized Statement of Operations information for NAO is as follows:
|  | Years ended December 31, |
All figures in USD ‘000 |  | 2016 |  |  | 2015 |  |  | 2014 |
Operating Revenues |  |  | 17,697 |  |  |  | 36,372 |  |  |  | 52,789 |
Net Operating (Loss) Income |  |  | (28,543 | ) |  |  | (8,372 | ) |  |  | 11,262 |
Net (Loss) Income |  |  | (32,151 | ) |  |  | (10,844 | ) |  |  | 6,931 |

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