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OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2019
OTHER LIABILITIES  
OTHER LIABILITIES

NOTE 14 – OTHER LIABILITIES

 

 

 

 

 

 

USDm

    

2019

    

2018

Partners and commercial managements

 

0.5

 
1.2

Accrued operating expenses

 

14.1

 
9.1

Accrued interest

 

4.0

 
4.6

Wages and social expenses

 

14.3

 
16.1

Derivative financial instruments

 

12.3

 
3.4

Payables to joint ventures

 

0.1

 
0.1

Other

 

2.0

 
2.0

Balance as of 31 December

 

47.3

 
36.5

 

The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.