Assets held for sale and discontinued operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Net assets sold and gain on sale, summarized operating results of discontinued operations and assets and liabilities held for sale

Summarized results of the properties classified as discontinued operations for the years ended December 31, 2016, 2015 and 2014 are as follows: 

	Year ended December 31, 2016
	Ubud Hanging Gardens	Porto Cupecoy	Total
	$'000	$'000	$'000
Revenue	—	—	—
Earnings before tax, gain on sale and impairment	69	963	1,032
Earnings before tax	69	963	1,032
Net earnings from discontinued operations	69	963	1,032

	Year ended December 31, 2015
	Ubud Hanging Gardens		Porto Cupecoy		Total
	$'000		$'000		$'000
Revenue	—		—		—
Losses before tax, gain on sales and impairment	(636	)	(898	)	(1,534	)
Losses before tax	(636	)	(898	)	(1,534	)
Net losses from discontinued operations	(636	)	(898	)	(1,534	)

	Year ended December 31, 2014
	Ubud Hanging Gardens		Porto Cupecoy		Total
	$'000		$'000		$'000
Revenue	—		600		600
Losses before tax, gain on sale and impairment	(1,486	)	(1,583	)	(3,069	)
Losses before tax	(1,486	)	(1,583	)	(3,069	)
Tax provision	(713	)	—		(713	)
Net losses from discontinued operations	(2,199	)	(1,583	)	(3,782	)

The following is a summary of net assets sold and the gain recorded on sale for Inn at Perry Cabin by Belmond:

Year ended December 31,	2014
	Inn at Perry Cabin by Belmond
	March 21, 2014
	$'000
Property, plant & equipment	32,293
Net working capital deficit	(820	)
Net assets	31,473
Consideration:
Cash	25,680
Reduction in debt facility on sale of hotel	11,020
Key money retained by buyer	3,000
Less: Working capital adjustment	(1,130	)
Less: Costs to sell	(393	)
	38,177
Gain on sale	6,704