XML 26 R13.htm IDEA: XBRL DOCUMENT
v3.25.2

VESSELS AND CAPITALIZED DRY-DOCKING | 6 Months Ended
--- | ---
Jun. 30, 2025
Disclosure of detailed information about property, plant and equipment [abstract] |
VESSELS AND CAPITALIZED DRY-DOCKING | NOTE 3 - VESSELS AND CAPITALIZED DRY-DOCKING
| 30 June | 30 June | 31 December
USDm | 2025 | 2024 | 2024
Cost |  |  |
Balance as of beginning of period | 3,500.9 | 2,622.1 | 2,622.1
Additions | 58.6 | 428.3 | 792.7
Disposals | -22.1 | -7.2 | -20.7
Transferred from prepayments | — | 141.0 | 197.5
Transferred to assets held for sale | -160.4 | -43.7 | -90.7
Balance | 3,377.0 | 3,140.5 | 3,500.9
Depreciation |  |  |
Balance as of beginning of period | 660.6 | 536.3 | 536.3
Disposals | -22.0 | -7.2 | -20.7
Depreciation for the period | 102.6 | 87.5 | 186.7
Transferred to assets held for sale | -67.3 | -19.5 | -41.7
Balance | 673.9 | 597.1 | 660.6
Impairment |  |  |
Balance as of beginning of period | 13.6 | 15.6 | 15.6
Transferred to assets held for sale | -2.2 | -0.9 | -2.0
Balance | 11.4 | 14.7 | 13.6
Carrying amount | 2,691.7 | 2,528.7 | 2,826.7
Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry- docking costs in the amount of USD 121.9m (30 June 2024: USD 81.0m, 31 December 2024: USD 108.2m). Depreciation for the six months ended 30 June 2025 related to "Other plant and operating equipment" amounts to USD 0.5m (30 June 2024: USD 0.7m, 31 December 2024: USD 1.8m) and related to “Land and buildings”amounts to USD 1.4m (30 June 2024: USD 1.3m, 31 December 2024: USD 2.5m). Impairment Assessment For determination of the vessel values, TORM has carried out an impairment indicator assessment and has found no indication of impairment, and therefore, TORM does not find any need to reassess the recoverable amount as of 30 June 2025. NOTE 3 - continued Non-current Assets Sold During the Period
| 30 June | 30 June | 31 December
USDm | 2025 | 2024 | 2024
Sold and delivered during the year |  |  |
Number of vessels | 4 | 1 | 4
Vessel sales price (CF) ¹⁾ | 78.5 | 22.7 | 84.2
Carrying amount of vessels and capitalized dry-docking | -59.8 | -10.9 | -47.0
Bunker and lube oil cost | -2.2 | -0.7 | -1.5
Transaction costs (CF) ²⁾ | -1.6 | -0.7 | -1.6
Profit on sale | 14.9 | 10.4 | 34.1
Sold last year and delivered during the year |  |  |
Number of vessels | — | 3 | 3
Vessel sales price (CF) | — | 67.3 | 67.3
Carrying amount of assets held for sale | — | -47.2 | -47.2
Bunker and lube oil cost | — | -2.0 | -2.0
Transaction costs (CF) | — | -0.9 | -0.9
Profit on sale | — | 17.2 | 17.2
Assets held for sale |  |  |
Number of vessels held for sale end of period | 2 | 1 | —
Carrying amount | 31.1 | 12.4 | 0.0
¹⁾ Includes sales price for one vessel of USD 18.9m at 31 December 2024, where cash was collected in 2025 ²⁾ Includes transaction costs for one vessel sale of USD 0.5m at 31 December 2024, which was paid in 2025 CF: Included in Sale of tangible fixed assets in Consolidated Cash Flow Statement The assets held for sale are expected to be delivered during the third quarter of 2025.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration