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CONDENSED CONSOLIDATED CASHFLOW STATEMENT
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
CASH FLOW FROM OPERATING ACTIVITIES      
Net profit/(loss) for the period $ 28.4 $ (8.2) $ (34.8)
Adjustments:      
Reversal of profit from sale of vessels (0.3) (0.6) (0.7)
Reversal of amortization and depreciation 53.0 57.2 114.5
Reversal of impairment loss on tangible assets 2.7   3.2
Reversal of share of profit/(loss) from joint ventures   (0.2) (0.2)
Reversal of financial income (2.2) (2.0) (3.3)
Reversal of financial expenses 19.9 19.0 39.3
Reversal of tax expenses 0.3 0.7 1.6
Reversal of other non-cash movements 0.5 1.2 2.0
Dividends received from joint ventures   0.4 0.4
Interest received and realized exchange gains 1.7 1.6 2.7
Interest paid and realized exchange losses (19.4) (20.1) (39.8)
Income taxes paid (0.1) (0.3) (1.6)
Change in bunkers, receivables and payables, etc. 8.5 (5.7) (12.7)
Net cash flow from operating activities 93.0 43.0 70.8
CASH FLOW FROM INVESTING ACTIVITIES      
Investment in tangible fixed assets (104.8) (126.1) (202.4)
Investments in joint ventures (0.3)    
Sale of tangible fixed assets 26.8 7.2 26.8
Net cash flow from investing activities (78.3) (118.9) (175.6)
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowing, mortgage debt 22.0 57.2 114.5
Repayment, mortgage debt (55.0) (52.2) (110.8)
Repayment, lease liabilities (2.7) (1.4) (2.9)
Capital increase   100.0 100.0
Transaction costs capital increase   (2.8) (2.8)
Change in restricted cash (6.8) 1.0 (2.0)
Net cash flow from financing activities (42.5) 101.8 96.0
Net cash flow from operating, investing and financing activities (27.8) 25.9 (8.8)
Cash and cash equivalents, beginning balance 124.1 132.9 132.9
Cash and cash equivalents, ending balance 96.3 158.8 124.1
Restricted cash equivalents 10.1 0.3 3.3
Cash and cash equivalents including restricted cash, ending balance $ 106.4 $ 159.1 $ 127.4