Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents		$ 113,850	$ 153,425
Restricted cash		10,353	1,830
Accounts receivable, net of allowances of $451 and $420		37,388	25,775
Due from unconsolidated companies		13,642	12,165
Prepaid expenses and other		13,730	12,262
Inventories		24,546	23,931
Total current assets		213,509	229,388
Property, plant and equipment, net of accumulated depreciation of $409,053 and $368,939		1,163,975	1,074,676
Investments in unconsolidated companies		79,152	79,327
Goodwill		123,023	113,343
Other intangible assets		19,919	13,877
Other assets		13,140	13,457
Total assets	[1]	1,612,718	1,524,068
Liabilities and Equity
Accounts payable		18,633	16,366
Accrued liabilities		81,858	69,046
Deferred revenue		45,162	31,350
Current portion of long-term debt and obligations under capital leases		51,242	5,284
Total current liabilities		196,895	122,046
Long-term debt and obligations under capital leases		596,706	585,768
Liability for pension benefit		560	1,447
Other liabilities		4,697	5,366
Deferred income taxes		115,984	122,291
Liability for uncertain tax positions		383	318
Total liabilities	[1]	915,225	837,236
Commitments and contingencies (Note 18)
Shareholders’ equity:
Preferred shares $0.01 par value (30,000,000 shares authorized, issued Nil)		0	0
Additional paid-in capital		983,012	979,458
Retained earnings		35,280	58,313
Accumulated other comprehensive loss		(322,296)	(352,339)
Less: Reduction due to class B common shares owned by a subsidiary — 18,044,478 (2016 — 18,044,478)		(181)	(181)
Total shareholders’ equity		697,017	686,450
Non-controlling interests		476	382
Total equity		697,493	686,832
Total liabilities and equity		1,612,718	1,524,068
Class A common shares $0.01 par value (240,000,000 shares authorized):
Shareholders’ equity:
Common shares		1,021	1,018
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, 2017 and December 31, 2016 is Charleston Center LLC. The assets and liabilities relating to this VIE at June 30, 2017 and December 31, 2016 are as follows: June 30, 2017 December 31, 2016 $’000 $’000 Assets Cash and cash equivalents 1,046 2,233Accounts receivable, net of allowances of $Nil and $Nil 3,020 3,066Prepaid expenses and other 819 365Inventories 1,315 1,296Total current assets 6,200 6,960 Property, plant and equipment, net of accumulated depreciation of $38,916 and $35,902 199,898 201,861Other assets 1,614 1,455Total assets 207,712 210,276 Liabilities Accounts payable 2,434 4,558Accrued liabilities 4,001 3,099Deferred revenue 1,977 1,714Current portion of long-term debt and obligations under capital leases 185 242Total current liabilities 8,597 9,613 Long-term debt and obligations under capital leases 112,075 111,968Other liabilities 23 40Total liabilities 120,695 121,621See further description in note 5, Variable interest entities.