Note 23 - Asset Held for Sale

Consolidated

(Amounts in USD 1,000)

2017

2016

Purchase cost per January 1

1,099

3,459

Moved from Fixed asset

-

1,099

The year’s disposal at cost

1,099

-3,499

Purchase cost on December 31

-

1,099

Booked value for the vessel “Siem Supplier” was transferred from fixed assets to asset held for sale in December 2016.

The sale of the PSV “Siem Supplier” was concluded in Q1 2017.

Board Of Directors

Financial Statements

Notes