Note 13 - Other Current Liabilities

Parent company

Consolidated

12/31/2017

12/31/2016

(Amounts in USD 1,000)

12/31/2017

12/31/2016

-

-

Social security tax, etc.

3,004

3,042

-

-

Unearned income

16,894

24,188

1,498

1,065

Accrued interest

12,538

12,793

80

80

Other accrued cost, mainly regarding operating expenses vessels

7,086

9,387

-

-

Accrued expenses on long-term contracts

14,778

51,577

55,231

-

Intercompany liabilities

-

-

683

6,257

Other current liabilities

36,809

33,881

57,491

7,401

Total other current liabilities

91,110

134,868

Other accrued cost includes accrued commission, purchase orders and other accrued cost. Other current liabilities includes accrued salaries and incentive program, provision for operating expenses and other short term liabilities.

Board Of Directors

Financial Statements

Notes