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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Tangible fixed assets      
Land and buildings $ 8.7    
Vessels and capitalized dry-docking 1,418.1 $ 1,396.6 $ 1,399.5
Prepayments on vessels 53.5 45.5 50.3
Other plant and operating equipment 3.9 3.0 2.3
Total tangible fixed assets 1,484.2 1,445.0 1,452.1
Financial assets      
Investments in joint ventures 0.3 0.1 0.1
Total financial assets 0.3 0.1 0.1
Total non-current assets 1,484.5 1,445.1 1,452.2
CURRENT ASSETS      
Bunkers 36.2 39.4 40.3
Freight receivables 82.1 86.0 71.6
Other receivables 4.9 7.5 16.9
Prepayments 4.1 2.9 3.4
Cash and cash equivalents 106.4 127.4 159.1
Current assets, excluding assets held-for-sale 233.7 263.1 291.3
Assets held-for-sale   6.2  
Total current assets 233.7 269.3 291.3
TOTAL ASSETS 1,718.2 1,714.4 1,743.5
EQUITY      
Common shares 0.7 0.7 0.7
Share premium 97.1 97.1 97.1
Treasury shares (2.9) (2.9) (2.9)
Hedging reserves (12.3) 0.3 9.6
Translation reserves 0.4 (0.1)  
Retained profit 781.3 752.1 777.7
Total equity 864.3 847.2 882.2
NON-CURRENT LIABILITIES      
Deferred tax liability 44.9 44.9 45.0
Mortgage debt and bank loans 605.5 633.0 635.7
Lease liabilities 29.5 22.1 23.8
Total non-current liabilities 679.9 700.1 704.5
CURRENT LIABILITIES      
Mortgage debt and bank loans 86.0 91.3 89.6
Lease liabilities 3.3 3.2 3.0
Trade payables 38.2 35.1 32.6
Current tax liabilities 1.2 1.0 1.5
Other liabilities 45.3 36.5 30.0
Deferred income   0.1 0.2
Total current liabilities 174.0 167.1 156.9
Total liabilities 853.9 867.2 861.4
TOTAL EQUITY AND LIABILITIES $ 1,718.2 $ 1,714.4 $ 1,743.5