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STAFF COSTS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Staff Cost [Abstract]  
Schedule of staff costs and average number of employees

 

USDm   2018     2017     2016  
Total staff costs                        
Staff costs included in operating expenses     9.3       9.2       9.9  
Staff costs included in administrative expenses     36.9       34.6       31.0  
Total     46.2       43.8       40.9  
                         
Staff costs comprise the following                        
Wages and salaries     38.1       36.4       32.3  
Share-based compensation     2.1       1.9       2.0  
Pension costs     3.3       3.1       3.6  
Other social security costs     0.6       0.3       0.4  
Other staff costs     2.1       2.1       2.6  
Total     46.2       43.8       40.9  
                         
Average number of permanent employees                        
Seafarers     111.7       130.6       137.0  
Land-based     302.2       286.6       269.1  
Total     413.9       417.2       406.1  
Schedule of termination benefits by title of individual
USD '000   2018     2017     2016  
Non-Executive Board and Committee Remuneration, short term                        
Christopher H. Boehringer     276       290       237  
David Weinstein     182       174       131  
Torben Janholt     171       174       132  
Göran Trapp     171       174       158  
Total     800       812       658
Schedule of key management personnel compensation
USD '000   Salary     Taxable 
benefits		     Annual 
perfor- 
mance 
bonus		     Total  
Executive Management Remuneration                                
Jacob Meldgaard                                
2016, TORM A/S - restated 1)     834       41       559       1,434  
2016, TORM plc1)     39       -       -       39  
2017, TORM A/S1)     923       42       580       1,545  
2017, TORM plc1)     81       -       -       81  
2018, TORM A/S1)     983       44       425       1,452  
2018, TORM plc1)     80       -       -       80  

 

1) Paid by legal entity as noted.
Schedule of staff costs
    RSU LTIP 
grant 1)		     Exercise 
price per 
share		   RSU grant value 
assuming 100% 
vesting
LTIP element of Jacob Meldgaard's remuneration package 2018:                
Jacob Meldgaard     766,035      DKK 53.7    USD 0.9m

 

1) The LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 10 of 25 April 2018. Therefore there is no minimum or maximum for 2018.
Schedule of reconciliation number of other equity instruments
Number of shares (1,000)   2018     2017     2016  
                   
Outstanding as of 1 January     2,611.2       1,999.8       -  
Granted during the period     907.3       866.6       2,127.4  
Exercised during the period     -       -       -  
Expired during the period     -764.0       -233.9       -  
Forfeited during the period     -35.4       -21.3       -127.6  
Outstanding as of 31 December     2,719.1       2,611.2       1,999.8  
                         
Exercisable as of 31 December     255.3       255.3       538.9