Investments in unconsolidated companies (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Summarized financial data for unconsolidated companies

The following table shows the net proceeds to Belmond and a summary of net assets sold, resulting in a gain of $19,676,000 that is reported within gain on disposal of property, plant and equipment and equity method investments in the statements of consolidated operations:

	Hotel Ritz by Belmond
	May 21, 2015
	$'000
Receivables due from unconsolidated companies	29,679
Investments in unconsolidated companies	—
Net assets sold	29,679
Transfer of foreign currency translation gain	(5,613	)
	24,066
Consideration:
Cash	42,197
Less: Costs to sell	(747	)
Plus: Management contract termination fee	2,292
	43,742
Gain on sale	19,676

Summarized financial data for Belmond’s unconsolidated companies are as follows:

	2016	2015
December 31,	$’000	$’000
Current assets	96,247	59,372
Property, plant and equipment, net of accumulated depreciation	295,662	207,469
Other non-current assets	29,442	30,643
Non-current assets	325,104	238,112
Total assets	421,351	297,484
Current liabilities, including $21,021 and $19,171 current portion of third-party debt	89,785	86,092
Long-term debt	153,876	48,681
Other non-current liabilities	27,545	26,540
Non-current liabilities	181,421	75,221
Total shareholders’ equity	150,145	136,171
Total liabilities and shareholders’ equity	421,351	297,484

	2016	2015	2014
Year ended December 31,	$’000	$’000	$’000
Revenue	191,551	160,614	172,793
Gross profit1	135,000	104,708	105,333
Net earnings2	21,720	17,723	19,622

¹Gross profit is defined as revenues less cost of services of the unconsolidated companies.

²There were no discontinued operations, extraordinary items or cumulative effects of a change in an accounting principle in the unconsolidated companies.