Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents		$ 156,689	$ 135,118
Restricted cash		2,875	1,905
Accounts receivable, net of allowances of $271 and $425		35,314	30,310
Due from unconsolidated companies		10,457	15,894
Prepaid expenses and other		19,969	17,791
Inventories		28,230	30,501
Total current assets		253,534	231,519
Property, plant and equipment, net of accumulated depreciation of $345,493 and $338,438		1,130,261	1,168,757
Investments in unconsolidated companies		68,529	65,831
Goodwill		122,515	132,644
Other intangible assets		14,292	13,958
Other assets		26,716	55,609
Total assets	[1]	1,615,847	1,668,318
Liabilities and Equity
Accounts payable		22,968	24,855
Accrued liabilities		79,055	68,635
Deferred revenue		40,961	30,943
Current portion of long-term debt and obligations under capital leases		5,380	5,549
Total current liabilities		148,364	129,982
Long-term debt and obligations under capital leases		595,777	612,235
Liability for pension benefit		1,377	2,386
Other liabilities		22,183	23,897
Deferred income taxes		131,284	134,120
Liability for uncertain tax positions		3,569	3,437
Total liabilities	[1]	$ 902,554	$ 906,057
Commitments and contingencies (Note 17)
Shareholders’ equity:
Preferred shares $0.01 par value (30,000,000 shares authorized, issued Nil)		$ 0	$ 0
Additional paid-in capital		990,590	1,000,803
Retained earnings		7,285	5,763
Accumulated other comprehensive loss		(286,539)	(246,420)
Less: Reduction due to class B common shares owned by a subsidiary — 18,044,478 (2014 — 18,044,478)		(181)	(181)
Total shareholders’ equity		712,366	761,186
Non-controlling interests		927	1,075
Total equity		713,293	762,261
Total liabilities and equity		1,615,847	1,668,318
Class A common shares $0.01 par value (240,000,000 shares authorized):
Shareholders’ equity:
Common shares		1,030	1,040
Class B common shares $0.01 par value (120,000,000 shares authorized):
Shareholders’ equity:
Common shares		$ 181	$ 181

[1] Included in Belmond Ltd.’s consolidated assets and liabilities are assets of consolidated variable interest entities (“consolidated VIEs”) that can only be used to settle obligations of the consolidated VIEs and liabilities of consolidated VIEs whose creditors have no recourse to Belmond Ltd. The Company’s only consolidated VIE at June 30, 2015 and December 31, 2014 is Charleston Center LLC. These assets and liabilities at June 30, 2015 and December 31, 2014 are as follows: June 30, 2015 December 31, 2014 $’000 $’000 Assets Cash and cash equivalents 3,634 2,501Restricted cash 921 768Accounts receivable, net of allowances of $Nil and $Nil 2,715 2,062Prepaid expenses and other 773 1,342Inventories 1,291 1,527Total current assets 9,334 8,200 Property, plant and equipment, net of accumulated depreciation of $28,525 and $26,581 199,711 197,608Other assets 1,715 1,931Total assets 210,760 207,739 Liabilities Accounts payable 2,005 3,937Accrued liabilities 3,782 2,485Deferred revenue 2,140 2,151Current portion of long-term debt and obligations under capital leases 223 217Total current liabilities 8,150 8,790 Long-term debt and obligations under capital leases 97,215 97,328Other liabilities 16,240 15,940Total liabilities 121,605 122,058See further description in note 4, Variable interest entities.