ACQUISITION OF BUSINESSES (Tables)

12 Months Ended

Dec. 31, 2013

ACQUISITION OF BUSINESSES [Abstract]

Summary of the fair values of the assets and liabilities acquired

The fair value of the assets and liabilities of Scandic were determined with the assistance of an external valuation specialist. The following is a summary of the fair values of the assets and liabilities:

Amounts in $ million	Scandic As of January 10, 2013
ASSETS
Cash and cash equivalents		0.4
Assets held for sale		6.6
Other current assets		2.4
Furniture, fixture and equipment		1.0
Other non-current assets		0.2
Total assets acquired		10.6
LIABILITIES
Accounts payable		0.2
Tax payable		0.2
Other current liabilities		0.9
Total liabilities assumed		1.3
Net assets acquired		9.3
Cash consideration		8.0
Common shares issued		18.1
Payable to seller		7.2
Total consideration		33.3
Net assets acquired		9.3
Difference		24.0
Settlement loss		5.0
Net Goodwill recognized		19.0