INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

INVESTMENTS [Abstract]

Summarized balance sheet information

Summarized balance sheet information for NAO is as follows:

All figures in USD ‘000	December 31, 2016		December 31, 2015
Current assets		7,909		14,565
Noncurrent assets		366,945		321,635
Total Assets		374,854		336,200
Current liabilities		4,089		7,735
Noncurrent liabilities		136,568		47,608
Total Shareholders’ Equity		234,196		280,857
Total liabilities and equity		374,854		336,200

Summarized statement of operations

Summarized Statement of Operations information for NAO is as follows:

	Years ended December 31,
All figures in USD ‘000	2016			2015			2014
Operating Revenues		17,697			36,372			52,789
Net Operating (Loss) Income		(28,543	)		(8,372	)		11,262
Net (Loss) Income		(32,151	)		(10,844	)		6,931