Note 29 - Financial Instrument 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, 2016

Loans and receivables

Assets at fair value through the profit or loss

Available for sale

Total

Assets as per statement of financial position

Derivative financial instruments

48,230

-

-

48,230

Other short term receivables (1)

69,917

-

-

69,917

CIRR Loan deposit

76,215

-

-

76,215

Long term receivables

31,168

-

-

31,168

Cash and cash equivalents

101,323

-

-

101,323

Total

326,853

-

-

326,853

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

Consolidated

(Amounts in USD 1,000)

December 31, 2016

Liabilities at fair value through the 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 31,790 consisting of USD 2,868 in Taxes Payable, USD 1,692 in Pension Liability, USD 3,042 in Social Security Payable and USD 24,188 in Unearned Income. See Note 13 for information about Social Security Payable and Unearned Income.

Consolidated

(Amounts in USD 1,000)

December 31, 2015

Loans and receivables

Assets at fair value through the profit or loss

Available for sale

Total

Assets as per statement of financial position

Derivative financial instruments

-

1,451

-

1,451

Accounts receivable (1)

46,147

-

-

46,147

CIRR Loan deposits

88,002

-

-

88,002

Long term receivables

51,598

-

-

51,598

Cash and cash equivalents

148,753

-

-

148,753

Total

334,500

1,451

-

335,951

(1) Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 18,387, see Note 9.

Consolidated

(Amounts in USD 1,000)

December 31, 2015

Liabilities at fair value throughthe profit or loss

Other financial liabilities

Total

Liabilities as per statement of financial position

Accounts payable

8,395

8,395

Borrowings

1,122,585

1,122,585

CIRR Loans

88,002

88,002

Other non-current liabilities

34,142

34,142

Other current liabilities

91,001

91,001

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

-

-41,604

-41,604

Derivative financial instruments

12,896

-

12,896

Total

12,896

1,302,521

1,315,417

(1) Non-financial liabilities do not qualify as a financial instrument and are not included in above amount. Excluded liabilities amount to USD 12,802 consisting of USD 3,496 in Taxes Payable, USD 2,258 in Pension Liability, USD 3,552 in Social Security Payable and USD 3,496 in Unearned Income. See Note 13 for information about Social Security Payable and Unearned Income.

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2016

Loans and receivables

Assets at fair value throughthe profit and loss

Available for sale

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 278. See Note 9.

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2016

Loans and receivables

Assets at fair value throughthe profit and loss

Available for sale

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 278. 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

PARENT COMPANY

(Amounts in USD 1,000)

December 31, 2015

Loans and receivables

Assets at fair value through the profit and loss

Available for sale

Total

Assets as per statement of financial position

Trade and other instruments (1)

55,766

-

-

55,766

Cash and cash equivalents

269,293

-

-

269,293

Total

325,059

-

-

325,059

(1) Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 4, see Note 9.

PARENT COMPANY

(Amounts in USD 1,000)

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

207,852

207,852

Accounts payable

-

144

144

CIRR Loan

-

19,208

19,208

Total

-

227,203

227,203

Board Of Directors

Financial Statements

Notes