Note 9 - Receivables

PARENT COMPANY

   

CONSOLIDATED

12/31/2015

12/31/2014

 

(Amounts in USD 1,000)

12/31/2015

12/31/2014

           
     

Long-term receivables

   

3,997

3,807

 

Employee loans, see Note 19

3,997

4,076

21,870

26,246

 

Intercompany receivables

-

-

-

-

 

Loan to Group of Parent Company

17,069

18,278

-

-

 

Other long term receivables

1,462

1,078

-

-

 

Convertible Loan to customer (1)

29,070

-

25,867

30,053

 

Total long-term receivables

51,598

23,432

           

12/31/2015

12/31/2014

 

Other short-term receivables

12/31/2015

12/31/2014

4

3

 

Prepaid expenses

18,387

29,150

-

-

 

Unbilled revenue

11,549

8,214

-

-

 

Outstanding insurance claims (2)

7,438

9,476

-

-

 

Prepaid income taxes and other taxes

2,571

3,755

-

-

 

VAT

565

242

-1,620

17,340

 

Intercompany receivables

-

-

5,786

-

 

Other short-term receivables

20,148

13,039

4,169

17,343

 

Total other short-term receivables

60,657

63,877

(1) The sale of "Daya1" was partly financed by a Seller's credit from Siem Offhsore Inc. in the form of a Convertible Bond with four years duration.

(2) Outstanding insurance claims refer to breakdown expenses qualifying for insurance cover. The amount is less own deduction.