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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2017
Disclosure of detailed information about intangible assets [abstract] |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS
USDm | 2017 | 2016 | 2015
Goodwill |  |  |
Cost: |  |  |
Balance as of 1 January | 11.4 | 11.4 | -
Additions during the year | - | - | 11.4
Balance as of 31 December | 11.4 | 11.4 | 11.4
Impairment losses: |  |  |
Balance as of 1 January | -11.4 | - | -
Impairment losses for the year | - | -11.4 | -
Balance as of 31 December | -11.4 | -11.4 | -
Carrying amount as of 31 December | - | - | 11.4
Goodwill is related to the reverse acquisition of TORM A/S in 2015 and has been allocated to the Tanker Segment.

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- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=38&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
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