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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Tangible fixed assets    
Vessels and capitalized dry-docking (Note 6,7,15) $ 1,396,558 $ 1,294,472
Prepayments on vessels (Note 6) 45,491 88,378
Other plant and operating equipment (Note 6) 2,973 1,945
Total tangible fixed assets 1,445,022 1,384,795
Financial assets    
Investments in joint ventures 71 324
Other investments 5 5
Total financial assets 76 329
Total non-current assets 1,445,098 1,385,124
CURRENT ASSETS    
Bunkers 39,404 33,204
Freight receivables (Note 9) 85,997 71,281
Other receivables (Note 10) 7,488 11,787
Prepayments 2,855 4,422
Cash and cash equivalents 127,361 134,207
Current assets, excluding assets held-for-sale 263,105 254,901
Assets held-for-sale (Note 22) 6,197 6,550
Total current assets 269,302 261,451
TOTAL ASSETS 1,714,400 1,646,575
EQUITY    
Common shares (Note 12) 742 623
Share premium (Note 12) 97,092  
Treasury shares (Note 12) (2,887) (2,887)
Hedging reserves 254 7,309
Translation reserves (96) 280
Retained profit 752,106 785,725
Total equity 847,211 791,050
NON-CURRENT LIABILITIES    
Deferred tax liability (Note 11) 44,909 44,906
Mortgage debt and bank loans (Note 2,14,15,17) [1] 633,026 629,198
Finance lease liabilities (Note 17,22) 22,138 25,294
Total non-current liabilities 700,073 699,398
CURRENT LIABILITIES    
Mortgage debt and bank loans (Note 2,14,15,17) 91,266 91,720
Finance lease liabilities (Note 17,22) 3,156 2,899
Trade payables (Note 17) 35,122 26,150
Current tax liabilities 1,010 1,393
Other liabilities (Note 13,17) 36,503 33,822
Deferred income 59 143
Total current liabilities 167,116 156,127
Total liabilities 867,189 855,525
TOTAL EQUITY AND LIABILITIES $ 1,714,400 $ 1,646,575
[1] The carrying value of the Group's mortgage debt and bank loans is, because of floating interest rate, approximate to fair value. The carrying value are excluding amortized bank fees recognized in the balance sheet.