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v3.20.1

LEASING (Tables) | 12 Months Ended
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Dec. 31, 2019
LEASING |
Schedule of right-of-use assets recognized by the company |
|  | Vessels and |  |  |  | Other plant
|  | capitalized |  | Land and |  | and operating
USDm |  | dry-docking |  | buildings |  | equipment
Cost: |  |  |  |  |  |
Balance as of 1 January |  | 43.3 |  | — |  | —
Adjustment on transition to IFRS 16 |  | — |  | 9.9 |  | 0.3
Additions |  | 1.8 |  | 0.5 |  | 0.4
Disposals |  | (2.7) |  | — |  | (0.1)
Balance as of 31 December |  | 42.4 |  | 10.4 |  | 0.6
Depreciation: |  |  |  |  |  |
Balance as of 1 January |  | 13.4 |  | — |  | —
Disposals |  | (2.7) |  | — |  | —
Depreciation for the year |  | 4.8 |  | 2.3 |  | 0.2
Balance as of 31 December |  | 15.5 |  | 2.3 |  | 0.2
Carrying amount as of 31 December |  | 26.9 |  | 8.1 |  | 0.4
Schedule of the nature of the Group's leasing activities by type of right-of-use asset recognized on the balance sheet |
|  |  |  |  |  |  |  |  | Other plant |
|  | Vessels and capitalized |  |  | Land and |  | and operating |
|  | dry-docking |  |  | buildings |  | equipment |
No. of right-of-use assets leased |  | 3 |  |  |  |  | 10 |  |  |  | 19 |
Range of remaining term |  | 2 | years |  |  |  | 0-9 | years |  |  | 0-3 | years
Average remaining lease term |  | 2.3 | years |  |  |  | 2.8 | years |  |  | 1.3 | years
No. of leases with extension options |  | — |  |  |  |  | 10 |  |  |  | 19 |
No. of leases with options to purchase |  | 3 |  |  |  |  | — |  |  |  | — |
No. of leases with termination options |  | 3 |  |  |  |  | 2 |  |  |  | 10 |
Schedule of Maturity analysis of lease liabilities |
USDm |  | 2019 |  | 2018
Maturity analysis - contractual undiscounted cash flow |  |  |  |
Less than one year |  | 7.5 |  | 5.2
One to five years |  | 27.6 |  | 25.6
More than five years |  | 0.1 |  | —
Total undiscounted lease liabilities as of 31 December |  | 35.2 |  | 30.8
Lease liabilities included under "Borrowings" as of 31 December |  | 30.6 |  | 25.3
Non-current |  | 10.2 |  | 3.2
Current |  | 20.4 |  | 22.1
Schedule of financial expenses for the reporting period |
USDm |  | 2019 |  | 2018 |  | 2017
Interest expenses: |  |  |  | — |  | —
Financial expenses arising from lease liabilities regarding right-of-use assets |  | 2.4 |  | 2.3 |  | 1.8
Other financial expenses |  | 39.5 |  | 37.0 |  | 38.8
Total |  | 41.9 |  | 39.3 |  | 40.6

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- Definition The disclosure of interest expense. [Refer: Interest expense] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph 53 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_53&doctype=Standard -URIDate 2019-03-27 + Details
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