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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Intangible assets      
Goodwill $ 1.8 $ 1.8 $ 1.8
Other intangible assets 2.2 1.8 1.1
Total intangible assets 4.0 3.6 3.6
Tangible fixed assets      
Land and buildings 4.1 5.5 5.3
Vessels and capitalized dry-docking 2,528.7 2,070.2 2,149.4
Prepayments on vessels 0.0 86.0 4.4
Other non-current assets under construction 3.9 4.2 0.0
Other plant and operating equipment 3.5 4.4 4.8
Total tangible fixed assets 2,540.2 2,170.3 2,163.9
Financial assets      
Investments in joint ventures 0.1 0.1 0.0
Loan receivables 4.5 4.5 4.6
Deferred tax asset 0.3 0.4 0.3
Other investments 0.5 0.0 0.0
Total financial assets 5.4 5.0 4.9
Total non-current assets 2,549.6 2,178.9 2,172.4
Inventories 69.4 61.7 66.9
Trade receivables 244.1 211.0 226.3
Other receivables 45.4 60.5 102.8
Prepayments 12.2 15.2 12.4
Cash and cash equivalents incl. restricted cash 532.4 295.6 269.0
Current assets excl. assets held-for-sale 903.5 644.0 677.4
Assets held-for-sale 12.4 47.2 10.8
Total current assets 915.9 691.2 688.2
TOTAL ASSETS 3,465.5 2,870.1 2,860.6
Equity      
Common shares 1.0 0.9 0.8
Share premium 167.1 260.0 222.1
Treasury shares (4.2) (4.2) (4.2)
Hedging reserves 24.8 25.6 36.9
Translation reserves (0.6) (0.4) (0.6)
Other reserves 320.0 0.0 0.0
Retained profit 1,534.6 1,382.2 1,309.4
Equity attributable to TORM plc shareholders 2,042.7 1,664.1 1,564.4
Non-controlling interests 1.0 2.0 1.9
Total equity 2,043.7 1,666.1 1,566.3
Liabilities      
Non-current tax liability related to held-over gains 45.2 45.2 45.2
Deferred tax liability 2.4 3.6 4.6
Borrowings 1,083.0 886.9 856.2
Other non-current liabilities 3.5 3.0 2.9
Total non-current liabilities 1,134.1 938.7 908.9
Borrowings 175.0 172.7 297.5
Trade payables 47.4 43.0 38.5
Current tax liabilities 1.5 0.6 1.3
Other liabilities 57.1 45.2 40.5
Provisions 0.6 0.6 6.8
Deferred income 6.1 3.2 0.8
Total current liabilities 287.7 265.3 385.4
Total liabilities 1,421.8 1,204.0 1,294.3
TOTAL EQUITY AND LIABILITIES $ 3,465.5 $ 2,870.1 $ 2,860.6