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INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2017

INVESTMENTS [Abstract]

Summarized balance sheet information

Summarized balance sheet information for NAO is as follows:

All figures in USD '000		December 31, 2017				December 31, 2016
Current assets			37,076				7,909
Noncurrent assets			350,635				366,945
Total Assets			387,711				374,854
Current liabilities			2,809				4,089
Noncurrent liabilities			136,629				136,568
Total Shareholders' Equity			248,273				234,196
Total liabilities and equity			387,711				374,854

Summarized statement of operations

Summarized Statement of Operations information for NAO is as follows:

		Years ended December 31,
All figures in USD '000		2017				2016				2015
Operating Revenues			17,895				17,697				36,372
Net Operating (Loss) Income			(26,068	)			(28,543	)			(8,372	)
Net (Loss) Income			(29,326	)			(32,151	)			(10,844	)

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized revenues, income (loss).

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