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, 2015

Loans and receivables

Assets at fair value through the profit and loss

Available for sale

Total

         

Assets as per statement of financial position

     

Derivative financial instruments

-

1,451

-

1,451

Accounts receivable

46,147

-

-

46,147

CIRR Loan deposit

88,002

-

-

88,002

Long term receivables

51,598

-

-

51,597

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 32,905, see Note 9.

     

CONSOLIDATED

(Amounts in USD 1,000)
December 31, 2015

 

Liabilities at fair value through the profit and 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 Loan

 

-

88,002

88,002

Other non-current liabilities

 

-

34,142

34,142

Other current liabilities

 

-

91,001

91,001

Adjustment for liabilities that do not qualify as a financial instrument

 

-

-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.

     

CONSOLIDATED

(Amounts in USD 1,000)
December 31, 2014

Loans and receivables

Assets at fair value through the profit and loss

Available for sale

Total

         

Assets as per statement of financial position

     

Derivative financial instruments

1,041

1,041

-

1,041

Trade and other instruments (1)

33,146

-

-

33,146

Cash and cash equivalents

117,623

-

-

117,623

Total

151,810

1,041

-

151,810

(1) Prepayments do not qualify as a financial instrument and are not included in above amount. Excluded prepayments amount to USD 32,905, see Note 9.

     

CONSOLIDATED

(Amounts in USD 1,000)
December 31, 2014

 

Liabilities at fair value through the profit and loss

Other financial liabilities

Total

         

Liabilities as per statement of financial position

       

Bank debts, bonds, loans and other payables (1)

 

-

172,662

172,662

Derivative financial instruments

 

16,732

-

16,732

Total

 

16,732

172,662

189,394

(1) Non-financial liabilities do not qualify as a financial instrument and are not included in above amount. Excluded liabilities amount to USD 22.161 consisting of USD 10.438 in Taxes Payable, USD 2.778 in Pension Liability, USD 5.428 in Social Security Payable and USD 3.517 in Unearned Income.  See Note 13 for information about Social Security Payable and Unearned Income.

     

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 0, see Note 9.

     

PARENT COMPANY

(Amounts in USD 1,000)
December 31, 2015

 

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

         
     

PARENT COMPANY

(Amounts in USD 1,000)
December 31, 2014

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 receivables (1)

76,636

-

-

76,636

Cash and cash equivalents

222,579

-

-

222,579

Total

299,215

-

-

299,215

(1) Prepayments do not qualify as a financial instrument and are not included in above amount.
Excluded prepayments amount to USD 3,480, see Note 9.

PARENT COMPANY

       

(Amounts in USD 1,000)
December 31, 2014

 

Liabilities at fair value through the profit and loss

Other financial liabilities

Total

         

Liabilities as per statement of financial position

       

Bank debts, bonds, loans and other payables

 

-

203,387

203,387

Derivative financial instruments

 

-

-

-

Total

 

-

203,387

203,387

         

Siem Offshore Inc. Annual Report 2015
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