XML 104 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Tangible fixed assets      
Land and buildings $ 8,127    
Vessels and capitalized dry-docking 1,674,795 $ 1,396,558  
Prepayments on vessels 95,003 45,491 $ 88,400
Other plant and operating equipment 4,256 2,973  
Total tangible fixed assets 1,782,181 1,445,022  
Financial assets      
Investments in joint ventures 1,169 71  
Loan receivables 4,617    
Other investments 1 5  
Total financial assets 5,787 76  
Total non-current assets 1,787,968 1,445,098  
CURRENT ASSETS      
Bunkers 34,837 39,404  
Freight receivables 89,830 85,997  
Other receivables 6,168 7,488  
Prepayments 3,468 2,855  
Cash and cash equivalents, including restricted cash 72,483 127,361 134,207
Current assets, excluding assets held-for-sale 206,786 263,105  
Assets held-for-sale 9,127 6,197  
Total current assets 215,913 269,302  
TOTAL ASSETS 2,003,881 1,714,400  
EQUITY      
Common shares 747 742  
Share premium 101,289 97,092  
Treasury shares (2,887) (2,887)  
Hedging reserves (11,751) 254  
Translation reserves 330 (96)  
Retained profit 919,959 752,106  
Total equity 1,007,687 847,211 791,050
NON-CURRENT LIABILITIES      
Deferred tax liability 44,901 44,909  
Borrowings 756,352 655,164 $ 651,600
Total non-current liabilities 801,253 700,073  
CURRENT LIABILITIES      
Borrowings 99,025 94,422  
Trade payables 47,120 35,122  
Current tax liabilities 1,476 1,010  
Other liabilities 47,316 36,503  
Deferred income 4 59  
Total current liabilities 194,941 167,116  
Total liabilities 996,194 867,189  
TOTAL EQUITY AND LIABILITIES $ 2,003,881 $ 1,714,400