Accumulated other comprehensive income/loss

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Accumulated other comprehensive income/loss

Accumulated other comprehensive income/loss

Changes in accumulated other comprehensive income/(loss) (“AOCI”) by component (net of tax) are as follows:

	Foreign currency translation adjustments		Derivative financial instruments		Pension liability		Total
Six months ended June 30, 2014	$’000		$’000		$’000		$’000
Balance at January 1, 2014	(81,339	)	(3,381	)	(8,597	)	(93,317	)
Other comprehensive loss before reclassifications	(40,646	)	(724	)	—		(41,370	)
Amounts reclassified from AOCI	—		1,205		—		1,205
Net current period other comprehensive income/(loss)	(40,646	)	481		—		(40,165	)
Balance at June 30, 2014	(121,985	)	(2,900	)	(8,597	)	(133,482	)

Foreign currency translation adjustments for the six months endedJune 30, 2014 include a loss of $49,356,000 arising on the remeasurement of non-monetary assets and liabilities of Belmond’s Brazilian operations following a change in functional currency from the U.S. dollar to the Brazilian real, effective from January 1, 2014. See Note 1.

Reclassifications out of AOCI (net of tax) are as follows:

	Amount reclassified from AOCI
	Three months ended
	June 30, 2014	June 30, 2013
Details about AOCI components	$’000	$’000	Affected line item in the statement of operations
Derivative financial instruments:
Cash flows from derivative financial instruments related to interest payments made for hedged debt instruments	595	882	Interest expense
Total reclassifications for the period	595	882

	Amount reclassified from AOCI
	Six months ended
	June 30, 2014	June 30, 2013
Details about AOCI components	$’000	$’000	Affected line item in the statement of operations
Derivative financial instruments:
Cash flows from derivative financial instruments related to interest payments made for the hedged debt instrument	1,205	1,783	Interest expense
Total reclassifications for the period	1,205	1,783