Income statements

PARENT COMPANY

     

CONSOLIDATED

2015

2014

 

(Amounts in USD 1,000)

Note

2015

2014

145

405

 

Operating revenue

4,23

422,449

491,312

-9,240

-12,521

 

Operating expenses

8,18,19,20,23

-303,901

-297,187

-9,095

-12,116

 

Operating margin

18

118,548

194,125

-

-

 

Depreciation and amortization

4,5

-107,025

-96,883

-

-

 

Impairment of vessels

4,5

-159,465

-29,000

-

-

 

Impairment of intangible assets

4,5

-6,705

-

-

-49,000

 

Impairment of shares in subsidiaries

4,5,6

-

-

-

-

 

Gain/(loss) on sales of assets

25

16,317

18,728

368

368

 

Gain on sale of interest rate derivatives (CIRR)

12

368

368

-

-

 

Gain/(loss) on currency derivative contracts

21,28

-30,775

-3,023

-8,727

-60,748

 

Operating profit

4

-168,735

84,316

             
     

Financial income and expenses

     

3,491

4,162

 

Financial income

3,21

11,184

9,091

-12,225

-12,704

 

Financial expenses

3,21

-54,677

-55,868

1,265

4,842

 

Net currency gain/(loss)

21

22,110

34,092

-7,469

-3,700

 

Net financial items

 

-21,384

-12,685

-

-

 

Result from associated companies

7

-1,560

1,808

-16,196

-64,448

 

Profit /(loss) before taxes

 

-191,679

73,439

-

-

 

Tax benefit/(expense)

11

-4,737

-2,729

-16,196

-64,448

 

Net profit/(loss)

30

-196,416

70,710

-

-

 

Attributable to non-controlling interest

-9,729

12,563

-16,196

-64,448

 

Attributable to shareholders of the Company

-186,687

58,147

-

-

 

Weighted average number of outstanding shares (1,000)

 

518,318

387,591

-

-

 

Earnings per share: Basic (and Diluted) (1,000)

22

-0.36

0.15

             
     

Comprehensive Income Statement

     

2015

2014

 

(Amounts in USD 1,000)

Note

2015

2014

-16,196

-64,448

 

Net profit/(loss)

 

-196,416

70,710

-

-

 

Other Comprehensive income

 

-

-

     

Items that will not be reclassified to profit or loss

     

-

-

 

Pension remeasurement gain (loss)

 

-1,178

1,510

     

Items that may be subsequently reclassified to profit or loss

     

-

-

 

Cash flow hedges

 

-51,245

-14,622

-

-

 

Currency translation differences

 

-9,687

-11,100

-16,196

-64,448

 

Total comprehensive income for the year

 

-258,526

46,498

-

-

 

Attributable to non controlling-interest

-9,520

12,270

-16,196

-64,448

 

Attributable to shareholders of the Company

-249,006

34,228