Note 28 - Financial Instruments by Category

Below is a comparison by category for carrying amounts and fair values of all of the Company’s financial instruments.

Consolidated

(Amounts in USD 1,000)

December 31, 2017

Loans and receivables

Assets at fair value through the profit or loss

Total

Assets as per statement of financial position

Derivative financial instruments

-

2,938

2,938

Accounts receivable

53,830

-

53,830

Other short term receivables

33,624

-

33,624

CIRR Loan deposit

65,346

-

65,346

Long term receivables

13,927

-

13,927

Cash and cash equivalents

63,511

-

63,511

Total

230,237

2,938

233,176

Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 26,886K, see Note 9.

Consolidated

(Amounts in USD 1,000)

December 31, 2017

Liabilities at fair value through the profit or loss

Other financial liabilities

Total

Liabilities as per statement of financial position

Accounts payable

-

21,110

21,110

Borrowings

-

1,302,999

1,302,999

CIRR Loans

-

65,346

65,346

Other non-current liabilities

-

66,926

66,926

Other current liabilities

-

91,110

91,110

Adjustments for liabilities that do not qualify as a financial instrument (1)

-

-33,604

-33,604

Derivative financial instruments

9,562

-

9,562

Total

9,562

1,513,887

1,523,449

Non-financial liabilities do not qualify as a financial instrument and are not included in above amount. Excluded liabilities amount to USD 33,603K consisting of USD 11,735K in Taxes Payable, USD 1,993K in Pension Liability, USD 3,004K in Social Security Payable and USD 16,894K in Unearned Income. ,See Note 13 for information about Social Security Payable and Unearned Income.

Consolidated

(Amounts in USD 1,000)

December 31, 2016

Loans and receivables

Assets at fair value through the profit or loss

Total

Assets as per statement of financial position

Derivative financial instruments

-

48,230

48,230

Accounts receivable

69,917

-

69,917

CIRR Loan deposits

76,215

-

76,215

Long term receivables

31,168

-

31,168

Cash and cash equivalents

101,323

-

101,323

Total

278,623

48,230

326,853

Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 51,060K, see Note 9.

Consolidated

(Amounts in USD 1,000)

December 31, 2016

Liabilities at fair value throughthe profit or loss

Other financial liabilities

Total

Liabilities as per statement of financial position

Accounts payable

20,783

20,783

Borrowings

1,470,893

1,470,893

CIRR Loans

76,215

76,215

Other non-current liabilities

47,382

47,382

Other current liabilities

134,868

134,868

Adjustments for liabilities that do not qualify as a financial instrument (1)

-

-31,790

-31,790

Derivative financial instruments

8,358

-

8,358

Total

8,358

1,718,351

1,726,708

(1) Non-financial liabilities do not qualify as a financial instrument and are not included in above amount. Excluded liabilities amount to USD 31,790K consisting of USD 2,868K in Taxes Payable, USD 1,692K in Pension Liability, USD 3,042K in Social Security Payable and USD 24,188K in Unearned Income. ,See Note 13 for information about Social Security Payable and Unearned Income

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2017

Loans and receivables

Assets at fair value throughthe profit and loss

Total

Assets as per statement of financial position

Trade and other instruments (1)

84,298

-

84,298

Cash and cash equivalents

203,832

-

203,832

Total

288,130

-

288,130

(1) Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to nil. See Note 9

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2017

Liabilities at fair value through the profit and loss

Other financial liabilities

Total

Liabilities as per statement of financial position

Borrowings falling due after 1 year

-

171,095

171,095

Accounts payable

-

16

16

CIRR Loan

-

10,311

10,311

Other current liabilities

-

57,491

57,491

Total

-

238,913

238,913

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2016

Loans and receivables

Assets at fair value through the profit and loss

Total

Assets as per statement of financial position

Trade and other instruments (1)

86,113

-

86,113

Cash and cash equivalents

195,433

-

195,433

Total

281,546

-

281,546

(1) Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 278K, see Note 9.

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2016

Liabilities at fair value through the profit and loss

Other financial liabilities

Total

Liabilities as per statement of financial position

Borrowings falling due after 1 year

210,807

210,807

Accounts payable

-

56

56

CIRR Loan

-

14,300

14,300

Total

-

225,163

225,163

Board Of Directors

Financial Statements

Notes