Note 21 - Financial Items

PARENT COMPANY

   

CONSOLIDATED

2015

2014

 

(Amounts in USD 1,000)

2015

2014

           
     

Financial income

   

3,491

4,162

 

Interest income

4,223

4,188

-

-

 

Other financial income

6,961

4,903

3,491

4,162

 

Total financial income

11,184

9,091

           
     

Financial expenses

   

-12,210

-11,801

 

Interest expenses

-51,149

-48,451

-

-

 

Loss intercompany closure

-

-5,063

-16

-903

 

Other financial expenses

-3,529

-2,354

-12,225

-12,704

 

Total financial expenses

-54,677

-55,868

           
     

Other financial items

   

-

-

 

Loss on FX contracts

-30,775

-3,022

1,265

4,842

 

Net currency gain/(loss)

22,110

34,092

1,265

4,842

 

Total currency gain/(loss)

-8,665

31,070

Net currency gain/(loss) includes an unrealized gain of USD 27,675 calculated on monetary items, and a realized loss of USD 11,935 related to intercompany transactions.

The net currency gain/(loss) for the Parent of USD 1,265 includes an intercompany currency loss of USD 1,379.