XML 87 R72.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 28 - Net Assets of Disposal Group Classified As Held for Sale (Tables)
12 Months Ended
Dec. 31, 2017
Statement Line Items [Line Items]  
Disclosure of discontinued operations net income components [text block]
    Year ended December 31,  
    2017     2016  
 Income from discontinued operations    
1,848
     
41,411
 
 After tax gain on the sale of Conduit    
89,694
     
-
 
 Net Income for discontinued operations    
91,542
     
41,411
 
Disclosure of sale of discontinued operations [text block]
Cash received    
331,295
 
Transaction and other costs    
(3,663
)
Carrying amount of net assets sold    
(137,814
)
Gain on sale before income tax    
189,817
 
Income tax expense on gain    
(100,123
)
Gain on sale after income tax    
89,694
 
Disclosure of discontinued operations [text block]
(all amounts in thousands of US dollars, unless otherwise stated)   2017     2016     2015  
Net sales    
11,899
     
234,911
     
197,630
 
Cost of sales    
(7,403
)    
(136,587
)    
(137,318
)
Gross profit    
4,496
     
98,324
     
60,312
 
Selling, general and administrative expenses    
(2,041
)    
(32,238
)    
(30,678
)
Other operating income & expenses    
(1
)    
(248
)    
(1
)
Operating income    
2,454
     
65,838
     
29,633
 
Finance Income (expenses), net    
(9
)    
(88
)    
(382
)
Income before income tax    
2,445
     
65,750
     
29,251
 
Income tax    
(597
)    
(24,339
)    
(10,121
)
Net income    
1,848
     
41,411
     
19,130
 
                         
Earnings per share attributable to discontinued operations:                        
Weighted average number of ordinary shares (thousands)    
1,180,537
     
1,180,537
     
1,180,537
 
Discontinued operations:                        
Basic and diluted earnings per share (U.S. dollars per share)    
0.00
     
0.04
     
0.02
 
Basic and diluted earnings per ADS (U.S. dollars per ADS)    
0.00
     
0.07
     
0.03
 
    2017     2016     2015  
Cash at the beginning    
18,820
     
15,343
     
13,848
 
Cash at the end    
206
     
18,820
     
15,343
 
(Decrease) Increase in cash    
(18,614
)    
3,477
     
1,495
 
                         
(Used in) provided by operating activities    
(3,046
)    
24,535
     
42,701
 
Provided by (used in) investing activities    
32
     
(1,058
)    
(1,206
)
Used in financing activities    
(15,600
)    
(20,000
)    
(40,000
)
ASSETS   At January 19, 2017     At December 31, 2016  
Non-current assets                                
Property, plant and equipment, net    
41,438
     
 
     
41,470
     
 
 
Intangible assets, net (*)    
45,894
     
87,332
     
45,894
     
87,364
 
Current assets                                
Inventories, net    
29,349
     
 
     
29,819
     
 
 
Receivables and prepayments, net    
1,157
     
 
     
451
     
 
 
Trade receivables, net    
38,620
     
 
     
33,620
     
 
 
Cash and cash equivalents    
206
     
69,332
     
163
     
64,053
 
Total assets of disposal group classified as held for sale    
 
     
156,664
     
 
     
151,417
 
LIABILITIES                                
Non-current liabilities                                
Deferred tax liabilities    
5,294
     
 
     
4,696
     
 
 
Other liabilities    
-
     
5,294
     
680
     
5,376
 
Current liabilities                                
Current tax liabilities    
65
     
 
     
4,100
     
 
 
Other liabilities    
2,913
     
 
     
1,668
     
 
 
Trade payables    
10,578
     
13,556
     
6,950
     
12,718
 
Total liabilities of disposal group classified as held for sale    
 
     
18,850
     
 
     
18,094