Note 25 - Other Gain/(Loss) on Sale of Assets

Parent company

Consolidated

2016

2015

(Amounts in USD 1,000)

2016

2015

-

-

Gain/(loss) on sale of assets, net

-423

16,317

-

-

Total

-423

16,317

2016

The net loss for the Company on sale of assets of USD 0.4 million consists of loss from the sale of the “Panuke” and other equipment.

2015

The net gain for the Company on sale of asses of USD 16.3 million consist of gain from the sale of the OSCV “Siem Daya 1” by USD 16.6 million, and a loss on sale of other equipment of USD 0.3 million.

Board Of Directors

Financial Statements

Notes