Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents		$ 180,153	$ 153,425
Restricted cash		3,121	1,830
Accounts receivable, net of allowances of $544 and $420		34,373	25,775
Due from unconsolidated companies		12,762	12,165
Prepaid expenses and other		13,327	12,262
Inventories		23,092	23,931
Total current assets		266,828	229,388
Property, plant and equipment, net of accumulated depreciation of $417,738 and $368,939		1,168,044	1,074,676
Investments in unconsolidated companies		64,644	79,327
Goodwill		120,220	113,343
Other intangible assets		19,778	13,877
Other assets		14,123	13,457
Total assets	[1]	1,653,637	1,524,068
Liabilities and Equity
Accounts payable		15,815	16,366
Accrued liabilities		79,455	69,046
Deferred revenue		32,786	31,350
Current portion of long-term debt and obligations under capital leases		6,407	5,284
Total current liabilities		134,463	122,046
Long-term debt and obligations under capital leases		700,752	585,768
Liability for pension benefit		650	1,447
Other liabilities		3,023	5,366
Deferred income taxes		115,381	122,291
Liability for uncertain tax positions		532	318
Total liabilities	[1]	954,801	837,236
Commitments and contingencies (Note 20)
Shareholders’ equity:
Preferred shares $0.01 par value (30,000,000 shares authorized, issued Nil)		0	0
Additional paid-in capital		985,566	979,458
Retained earnings		13,278	52,751
Accumulated other comprehensive loss		(301,322)	(346,777)
Less: Reduction due to class B common shares owned by a subsidiary — 18,044,478 (2016 - 18,044,478)		(181)	(181)
Total shareholders’ equity		698,546	686,450
Non-controlling interests		290	382
Total equity		698,836	686,832
Total liabilities and equity		1,653,637	1,524,068
Class A common shares
Shareholders’ equity:
Common stock, value		1,024	1,018
Class B common shares
Shareholders’ equity:
Common stock, value		$ 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 December 31, 2017 and December 31, 2016 is Charleston Center LLC. These assets and liabilities at December 31, 2017 and December 31, 2016 are as follows: December 31, 2017 December 31, 2016 $’000 $’000 Assets Cash and cash equivalents 1,530 2,233Accounts receivable, net of allowances of $Nil and $Nil 3,623 3,066Prepaid expenses and other 935 365Inventories 1,360 1,296Total current assets 7,448 6,960 Property, plant and equipment, net of accumulated depreciation of $42,676 and $35,902 197,369 201,861Other assets 1,450 1,455Total assets 206,267 210,276 Liabilities Accounts payable 4,518 4,558Accrued liabilities 3,291 3,099Deferred revenue 2,835 1,714Current portion of long-term debt and obligations under capital leases 255 242Total current liabilities 10,899 9,613 Long-term debt and obligations under capital leases 112,069 111,968Other liabilities — 40Total liabilities 122,968 121,621See further description in Note 6, Variable interest entities.