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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Share Capital, Reserves And Other Equity Interest [Abstract]  
Disclosure of number of shares issued
(in shares)December 31, 2023December 31, 2022December 31, 2021
On issue at January 1220,024,713 220,024,713 220,024,713 
On issue at December 31 - fully paid220,024,713 220,024,713 220,024,713 
Hedging reserve
The hedging instruments were as follows:
2023
(in thousands of USD)Notional ValueFair Value - AssetsFair Value - Liabilities
Change in FV recognized in OCI
Recycled into P&L
Interest rate swaps
$173.6 million facility - Cap Quebec and Cap Pembroke
— — — (314)(1,456)
$173.6 million facility - Cap Corpus Christi and Cap Port Arthur
— — — (1,256)(3,860)
$713.0 million facility
— — — (4,823)(12,599)
$73.45 million facility - Cedar and Cypress
— — — (298)(5,167)
$150.0 million facility
93,607 1,286 146 (1,108)— 
$447.0 million facility
— — — 1,635 (1,635)
Fx swaps
Fx Euro hedge— — — — (1,032)
Total
93,607 1,286 146 (6,164)(25,749)
2022
(in thousands of USD)Notional ValueFair Value - AssetsFair Value - Liabilities
Change in FV recognized in OCI
Interest rate swaps
$173.6 million facility - Cap Quebec and Cap Pembroke
56,838 1,791 — 4,757 
$173.6 million facility - Cap Corpus Christi and Cap Port Arthur
60,164 5,202 — 3,830 
$713.0 million facility
223,667 17,819 — 12,859 
$73.5 million facility - Cedar and Cypress
71,155 5,465 — 5,465 
$150.0 million facility
106,310 2,249 — 2,249 
Forward cap contracts
Cap options
— — — 466 
Fx swaps
Fx Euro hedge18,398 1,032 — 1,032 
Total
536,532 33,558  32,293 
At December 31, 2023, the Group held the following instruments to hedge exposures to changes in interest rates:
Maturity
(in thousands of USD)
1-6 months6-12 monthsMore than 1 year
Interest rate risk
Interest rate swaps
Net exposure(22,916)(18,039)(50,392)
Average fixed interest rate3.26 %3.26 %3.26 %

At December 31, 2022, the Group held the following instruments to hedge exposures to changes in interest rates:
Maturity
(in thousands of USD)
1-6 months6-12 monthsMore than 1 year
Interest rate risk
Interest rate swaps
Net exposure(41,048)(38,879)(167,966)
Average fixed interest rate1.42 %1.41 %1.40 %
The amounts at the reporting date relating to items designated as hedged items were as follows:
December 31, 2023December 31, 2022
(in thousands of USD)
Change in value used for calculating hedge ineffectiveness
Recycled into P&L
Cash flow hedge reserveChange in value used for calculating hedge ineffectivenessCash flow hedge reserve
Interest rate risk
Variable-rate instruments6,164 24,717 1,140 (29,159)32,021 
Cap option— — — (466)— 
Fx rate risk
Fx Swaps
— 1,032 — (1,032)1,032 

The amounts relating to items designated as hedging instruments and hedge ineffectiveness were as follows:
2023
During the period 2023
(in thousands of USD)
Nominal amountCarrying amount - AssetsCarrying amount - LiabilitiesLine item in the statement of financial position where the hedging instrument is includedChanges in the value of the hedging instrument recognized in OCI
Recycled into P&L
Hedge ineffectiveness recognized in profit or lossLine item in profit or loss that includes hedge ineffectiveness
Interest rate risk
Interest rate swaps93,607 1,286 146 Trade and other current receivables, Non-current other payables(6,164)(24,717)37 Finance expenses
Fx rate risk
Fx Swaps
— — — Trade and other current receivables— (1,032)— Finance expenses
    
2022
During the period 2022
(in thousands of USD)
Nominal amountCarrying amount - AssetsCarrying amount - LiabilitiesLine item in the statement of financial position where the hedging instrument is includedChanges in the value of the hedging instrument recognized in OCIHedge ineffectiveness recognized in profit or lossLine item in profit or loss that includes hedge ineffectiveness
Interest rate risk
Interest rate swaps518,133 32,929 404 Non-current receivables, Trade and other current receivables, Trade and other current payables29,159 (507)Finance expenses
Cap options— — — Trade and other receivables466 — Finance expenses
Fx rate risk
Fx swaps18,398 1,032 — Trade and other current receivables1,032 — Finance expenses
The following table provides a reconciliation by risk category of components of equity and analysis of OCI items, net of tax, resulting from cash flow hedge accounting:
(in thousands of USD)
Hedging reserve
Balance at January 1, 202333,053 
Cash flow hedges
Change in fair value interest rate risk
(6,164)
Recycled into P&L
(25,749)
Change in fair value fx risk
— 
Balance at December 31, 20231,140 
Balance at January 1, 20222,396 
Cash flow hedges
Change in fair value interest rate risk
29,625 
Change in fair value fx risk
1,032 
Balance at December 31, 202233,053