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OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2018
Disclosure Of Other Liabilities [Abstract]  
OTHER LIABILITIES

NOTE 13 – OTHER LIABILITIES

 

USDm   2018     2017  
Partners and commercial managements     1.2       1.4  
Accrued operating expenses     9.1       8.5  
Accrued interest     4.6       5.2  
Wages and social expenses     16.1       16.3  
Derivative financial instruments     3.4       -  
Payables to joint ventures     0.1       0.1  
Other     2.0       2.3  
Balance as of 31 December     36.5       33.8  

 

The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 20 for further information on fair value hierarchies.