XML 60 R51.htm IDEA: XBRL DOCUMENT v3.7.0.1
Derivatives and hedging activities (Tables)
3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amounts of outstanding interest rate derivatives that were designated as cash flow hedges
As of March 31, 2017 and December 31, 2016, Belmond had the following outstanding interest rate derivatives stated at their notional amounts in local currency that were designated as cash flow hedges of interest rate risk: 
 
 
March 31,
2017
 
December 31,
2016
 
 
’000
 
’000
 
 
 
 
 
Interest rate swaps
 
72,750

 
72,938

Interest rate swaps
 
$
210,325

 
$
210,756

Interest rate caps
 
$
17,200

 
$
17,200

Schedule of fair value of derivative financial instruments
The table below presents the fair value of Belmond’s derivative financial instruments and their classification as of March 31, 2017 and December 31, 2016
 
 
 
 
Fair value as of March 31, 2017
 
Fair value as of
December 31, 2016
 
 
Balance sheet location
 
$’000
 
$’000
Derivatives designated in a cash flow hedging relationship:
 
 
 
 

 
 

Interest rate derivatives
 
Accrued liabilities
 
(1,850
)
 
(2,310
)
Interest rate derivatives
 
Other liabilities
 
(663
)
 
(1,054
)
 
 
 
 
 
 
 
Total
 
 
 
(2,513
)
 
(3,364
)